• The Alaska Permanent Fund Dividend Program

      Goldsmith, Scott (Institute of Social and Economic Research, University of Alaska., 2001)
      This paper provides a short introduction to the Alaska Permanent Fund Dividend Program - a method for returning a portion of the revenues from petroleum development to the citizens of Alaska as a direct cash payment. It briefly touches on 5 topics - the mechanics of the Dividend, why it was established, its history, its economic, political and social effects, and the future of the Dividend.
    • Reflections on the Surplus Economy and the Alaska Permanent Fund

      Goldsmith, Scott (Institute for Public Economics (University of Alberta), 2001)
      The Alaska Permanent Fund was created in 1977, shortly after oil form Alaska's North Slope began flowing to market through the Trans-Alaska Pipeline. It was originally envisioned to serve two general purposes - to set aside a share of oil revenues for the benefit of future generations of Alaskans after the depletion of the oil reserves, and to keep a share of oil revenues out of the hands of the current generation of politicians who could be counted to spend it on wasteful government operations and capital expenditures....The issue is how to design a set of public fiscal institutions that, taking this new revenue into account, will maximize long-term social welfare. Paper presented at a conference held at the University of Alberta, Sept. 2001.