June 8, 2021

The Finnish Basic Income experiment failed to produce short-term employment effects

submited by
Style Pass
2021-06-09 08:30:03

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.

Leave a Comment