Paul L. Caron
Dean


Wednesday, May 13, 2020

Finland’s Basic Income Experiment Brings Happiness But Not Jobs

Results of Finland's Basic Income Experiment: Small Employment Effects, Better Perceived Economic Security and Mental Wellbeing:

A two-year basic income experiment was carried out in Finland in 2017-2018. The evaluation study is now available. The register data on employment now cover both years of the experiment and a more thorough analysis has been made of the results of the survey. In addition, the interview-based survey of basic income recipients complements the overall picture.

The basic income recipients were more satisfied with their lives and experienced less mental strain than the control group. They also had a more positive perception of their economic welfare. The interpretation of the employment effects of the experiment is complicated by the introduction of the activation model in 2018.

FinlandBloomberg, Finland’s Landmark Trial Finds Basic Income Brings Happiness But Not Jobs:

A landmark study conducted in Finland shows that giving the unemployed free money doesn’t provide the boost to the jobs market that some had hoped it would. But it does raise happiness levels.

Prior TaxProf Blog coverage:

https://taxprof.typepad.com/taxprof_blog/2020/05/finlands-basic-income-experiment-brings-happiness-but-not-jobs.html

Tax, Tax News | Permalink

Comments

I am not a fan of basic income, it creates a burden on the entrepreneur which then stiffles competition, and spending like this needs tax raising to fund it.

Posted by: Adrian Lawrence | May 13, 2020 1:41:45 PM

Post a comment