The first results are in from a charity experiment in Kenya. Those who got a lump sum of money were far more likely to start a business — and earn more — compared to those who got monthly payments.
ARI SHAPIRO, HOST:
An unprecedented experiment has been going on for years in Kenya, and this week we’ve gotten the first results. A U.S.-based charity called GiveDirectly has been providing thousands of villagers what’s called a universal basic income. It’s a cash grant every month for 12 years, and the villagers can spend the money however they would like. Researchers wanted to […]
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