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Description

For 20 years every Alaska citizen has received an equal share annual Dividend distribution from the Alaska Permanent Fund, capitalized by a portion of the revenues from publicly owned oil production. As the fund has grown in value, the size of the annual dividend has increased so that today about $1 billion (US) is distributed annually to 600 thousand citizen- directly accounting for about 6 percent of total household income. This paper begins by reviewing the creation, history, and structure of the Fund and Dividend. It then discusses the economic, social, and political impacts of the Dividend. Next it considers possible changes in the Dividend and Fund in response to changing economic conditions within the state. Finally it discusses the possible implications of the Alaska experience for other regions and for the concept of the basic income.

Publication Date

9-14-2002

Keywords

Alaska, Permanent Fund, Dividend, Distribution

Handle

http://hdl.handle.net/11122/14552

The Alaska Permanent Fund Dividend: An Experiment in Wealth Distribution

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