by Summary:
Finnish experiment. The final results from Finland’s experiment are now in, and the findings are intriguing: the basic income in Finland led to a small increase in employment, significantly boosted multiple measures of the recipients’ well-being, and reinforced positive individual and societal feedback loops. The numbers look pretty good. Can it be generalized? This would not suggest that a UBI is a substitute for an MMT JG, however. The rise in employment was small. There would still be a buffer stock of unemployed without a JG. Do the results imply that a UBI is the only alternative? Would a means-tested basic income perform the same or better? McKinseyAn experiment to inform universal basic income Tera Allas, Jukka Maksimainen, James Manyika, and Navjot Singh Open
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Finnish experiment. The final results from Finland’s experiment are now in, and the findings are intriguing: the basic income in Finland led to a small increase in employment, significantly boosted multiple measures of the recipients’ well-being, and reinforced positive individual and societal feedback loops. The numbers look pretty good. Can it be generalized? This would not suggest that a UBI is a substitute for an MMT JG, however. The rise in employment was small. There would still be a buffer stock of unemployed without a JG. Do the results imply that a UBI is the only alternative? Would a means-tested basic income perform the same or better? McKinseyAn experiment to inform universal basic income Tera Allas, Jukka Maksimainen, James Manyika, and Navjot Singh Open
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
Finnish experiment.
The final results from Finland’s experiment are now in, and the findings are intriguing: the basic income in Finland led to a small increase in employment, significantly boosted multiple measures of the recipients’ well-being, and reinforced positive individual and societal feedback loops.
The numbers look pretty good. Can it be generalized?
This would not suggest that a UBI is a substitute for an MMT JG, however. The rise in employment was small. There would still be a buffer stock of unemployed without a JG.
Do the results imply that a UBI is the only alternative? Would a means-tested basic income perform the same or better?
An experiment to inform universal basic income
Tera Allas, Jukka Maksimainen, James Manyika, and Navjot Singh