Finland carried out the first nationwide randomized experiment on basic income. A study by the VATT Institute for Economic Research and the Labour Institute for Economic Research shows that replacing minimum unemployment benefits with a basic income of equal size has minor employment effects at best. Additionally, participation in reemployment services remained high.
Universal basic income models have generated a large interest in many countries. Finland carried out the first nationwide randomized experiment on basic income Finland in 2017–2018. The participation in the experiment was mandatory and randomized.
The experiment included 2,000 persons whose minimum unemployment benefit was replaced by […]
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