In a government social spending list, Finland is in the top five. Now, they are trying to figure out how to do a better job. Finland’s Guaranteed Income Experiment
Finland just completed a two-year guaranteed income experiment. Its goals were to increase the work incentive, decrease bureaucracy, and gauge the change in well-being. The participants–2000 randomly selected unemployed individuals, aged 25 to 58 years old–received a monthly stipend of €560 ($635). If they found a job, their income subsidy would continue. There were 5000 people in the control group.
Last week, the preliminary results for the first year (2017) were […]
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