Title page
Contents
Summary 1
Introduction 2
Lessons from Alaska's Permanent Fund 3
Creating the Heritage Fund Dividend 7
Conclusion 12
References 12
Acknowledgments 15
Table 1. Alberta's Hypothetical Heritage Fund, dividend option 1 and 2, 2023/24 to 2026/27 9
Figure 1. Contributions to total fund value in Alaska's Permanent Fund, $US billions 3
Figure 2. Alaska dividend amount, $2023 US 6
Figure 3. Annual dividend per person, half earnings (option 1) and full earnings (option 2) 10
Figure 4. Heritage Fund Equity, half earnings (option 1), full earnings (option 2) and actual, $Billions 11