All eyes on Finland as it considers a new basic income experiment

All eyes on Finland as it considers a new basic income experiment

The newly elected centre-left government in Finland – the first of its kind in a decade – is expected to give the basic income experiment that recently failed a second chance.

The country’s Social Insurance Institution is currently drafting a report on a pilot project for a basic minimum income that will be published next spring. The policy will test 2,000 randomly-selected unemployed participants who will be given a no-strings-attached monthly payment of €560 to see if it encourages them to find work.

The initial analysis suggests that the experiment did not boost employment, but did improve overall health and provided […]

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