The basic income in Finland led only to a small increase in employment. Finland is the only country that carried out a complete nationwide randomized control trial of a basic-income program. It has been widely hypothesized that universal basic income might alleviate many problems in contemporary labor markets, like job polarization and inequality. However, in our research we could not find a major impact on the Finnish labor market“, says Jouko Verho one of the authors. The study examines 2,000 benefit recipients in Finland who were randomized to receive a monthly basic income. The experiment was carried out in […]
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