Thursday, January 12, 2017

Kate McFarland — FINLAND: First Basic Income payments sent to experiment participants

Finland's basic income experiment is now underway, with the first payments having been mailed this week. With the experiment generating much media attention, here is a review of some of the basics.
On January 1, 2017, Finland launched an experiment in which 2,000 individuals–randomly selected from a pool of unemployment benefit recipients–will receive unconditional cash payments of €560 (about 590 USD) per month for two years.

The first payments were sent out on Monday, January 9. 
The main goal of the experiment, as it presently stands, is to determine whether unconditional cash transfers are more effective than means-tested unemployment benefits with respect to promoting job-seeking and employment. Olli Kangas, leader of the research team at Kela that designed the experiment, has recommended expanding the experiment to other target populations (including “other persons with small incomes” and individuals under age 25)....
Bien
FINLAND: First Basic Income payments sent to experiment participants
Kate McFarland, former professional student at the Ohio State University (PhD Philosophy 2015, MS Statistics 2009, BS Mathematics 2006) and philosophy instructor, now a member of BIEN's Executive Committee as well as Secretary of BIEN's US affiliate (USBIG).

3 comments:

Unknown said...

Basic income (if $1600/yr, >$10,000 in 2016) almost became law during the Nixon Administration - The only reason it didn't, was because the Democrats in the Senate wanted to increase the income levels. Of course neither the Democrats nor Reagan bring up the issue again when they got into office in 1976.

The link is well worth reading.

Penguin pop said...

"Basic income (if $1600/yr, >$10,000 in 2016) almost became law during the Nixon Administration - The only reason it didn't, was because the Democrats in the Senate wanted to increase the income levels. Of course neither the Democrats nor Reagan bring up the issue again when they got into office in 1976.

The link is well worth reading."

Yup. There was also gonna be a reverse income tax, a proposal that Milton Friedman supported. I'm gonna take a look at that article now. Thanks.

Bob said...

Hopefully, another experiment will begin in Ontario, at 1350 dollars per month.
http://www.thewhig.com/2017/01/05/clearly-time-has-come-for-big-idea