Early findings from the world’s largest UBI study
Early findings from the world’s largest UBI study
Money always helps, but for the poorest, one large lump sum can last a long time. A long-term universal basic income also looks promising.
Results from rural Kenya are not necessarily applicable to high-income countries. However, there are nearly no similar randomized controlled trial findings of a long-term guaranteed income or a significantly large lump sum in countries like the U.S. While much more expensive in high-income countries, long-term income and large lump sum pilots should be tried and studied to learn if there are better ways to deliver cash that help people build wealth and escape poverty.
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The big shift of people on ubi going from wage work to self employment being one of the biggest points of note from this study is interesting. That's probably a major reason why most US lawmakers would not want ubi.
Something I find interesting is this study didn't show an increase in hours worked unlike a couple of other smaller studies, that if I recall correctly focused on giving ubi to people who were not currently working.
That’s probably a major reason why most US lawmakers would not want ubi.
Well, it's the reason their donors don't want it.