Basic income test brings no more employment in Finland: research

HELSINKI, April 2 (Xinhua) — The Finnish State Institute for Economic Research (VATT) has concluded that the basic income experience appears not to increase the employment level of its recipients, VATT said on Tuesday.

In the Finnish income test of 2017-2018, the test group of 2000 jobless persons were given a monthly incentive of 560 euros no matter if they found a job or not. If they would start working they were allowed to keep the 560-euro basic income on top of their possible salaries. A comparison cohort was dealt with the old system where they lost the unemployment compensation […]

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