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Recent @UChicago study found Alaska’s $65 billion fund that pays every citizen around $1,000 to $2,000 a year has no negative impact on employment

A University of Chicago study found that Alaska’s long-running universal basic income program does not cause people to work less.

@UChicago Is this the same study that Hugo Chavez cited during his re-election campaign? #think@UChicago There’s what 20k people in the state?Nearly 64 years after his death, Henri Matisse has become one of the few non-Native Americans to have an exhibition at a Phoenix museum dedicated to Native American culture. The little-known intersection of one of the […]

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Alaska Governor Bill Walker/Vimeo The Alaska Permanent Fund is tied to oil revenues and worth $65 billion. It has made an annual check of $1,000 to $2,000 available to virtually every citizen since 1982.

The fear that giving people regular, no-strings-attached payments might discourage them from working is common among opponents of similar programs.

But research from a University of Chicago professor and University of Pennsylvania professor found that this universal basic income program increases part-time employment, creating a neutral effect on employment numbers. This article is part of Business Insider’s ongoing series on Better Capitalism . The Alaska […]

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