Table 11.

The effects on poverty of an UBI in Colombia

	BASELINE: 50% income loss; immediate recovery	100% income loss; immediate recovery	50% income loss; gradual recovery	100% income loss; gradual recovery
Panel A: Existing mitigation measures
Total poverty rate	27.9	31.3	28.9	34.0
Impact on total poverty headcount rate	− 2.16	− 2.16	− 2.23	− 2.20
Number of people exiting total poverty rate	1,042,557	1,044,747	1,080,540	1,061,428
Number of total people benefited	30,030,245	29,898,240	29,943,400	29,882,393
Number of men benefited	15,258,426	15,172,771	15,203,229	15,162,155
Number of women benefited	14,771,820	14,725,470	14,740,171	14,720,238
Panel B: Universal Basic Income (UBI)
Total poverty rate	26.5	29.9	27.5	32.5
Impact on total poverty headcount rate	− 3.58	− 3.51	− 3.57	− 3.72
Number of people exiting total poverty rate	1,732,760	1,701,836	1,729,083	1,800,755
Number of total people benefited	48,390,548	48,390,548	48,390,548	48,390,548
Number of men benefited	23,876,091	23,876,091	23,876,091	23,876,091
Number of women benefited	24,514,457	24,514,457	24,514,457	24,514,457

Source Authors’ simulations using GEIH 2018

Note Extreme poverty headcount is defined as the percentage of people with per capita income below the national extreme poverty line of COP 117,805 (USD 31.44); and total poverty as below the total poverty line of COP 257,433, USD 68.70