File photo. Poorer service sector workers actually increased their hours of work, using the extra cash to expand their business. Photo: Mint Two main arguments which are given against Universal Basic Income programmes are burden on exchequer and decline in labour supply as people get paid without working. The second argument might not be true, shows a study based on cash handouts in Iran. The initial handouts, which started in 2010, were to the tune of $40 per month. The paper uses household survey data to show that the poor did not necessarily reduce their labour supply when they […]
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