What happens when you give people free money with no strings attached? The question is of enormous importance to America’s safety-net policy, given widespread proposals for a “universal basic income” or a “child allowance”—which would give unconditional cash payments to all adults or parents, respectively. A massive scientific experiment has now provided the most compelling answers to date.
Those answers pretty much align with common sense: when people get free money, they work a bit less and play a bit more. And while they spend more on health care, they don’t see enduring health improvements as a result. This study […]
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