June 8, 2021
by VATT Institute for Economic Research
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.