How universal basic income would work best — and it might not be monthly cash payments, a Nobel prize winner’s new research suggests

Westend61/GettyImages A new study on universal basic income compares the benefits of monthly payments to lump-sum payments.

While the study is ongoing, it found lump-sum payments help those in need build wealth in the long-term.

Monthly payments are still beneficial in helping those who need immediate assistance. Monthly cash payments through universal basic income programs work for those in need. But a different type of payment might work even better.Nobel prize economist Abhijit Banerjee, alongside the late Princeton’s Alan Krueger, UC San Diego’s Paul Niehaus, MIT’s Tavneet Suri, and Michael Faye of GiveDirectly — a nonprofit that gives cash […]

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