February 8, 2019

ALL IT DOES IS IMPROVE THE QUALITY OF LIFE?:

Free Money Didn't Help People Find Jobs, Finland Says (Kati Pohjanpalo, February 8, 2019, Bloomberg)

According to a preliminary assessment published on Friday by the social services agency Kela, the recipients of the monthly stipend spent on average about half a day more in employment per year than the control group.

"On the basis of an analysis of register data on an annual level, we can say that during the first year of the experiment the recipients of a basic income were no better or worse than the control group at finding employment in the open labor market," said Ohto Kanninen, Research Coordinator at the Labour Institute for Economic Research.

The recipients did however report "less stress symptoms as well as less difficulties to concentrate and less health problems than the control group," said Minna Ylikanno, lead researcher at Kela. "They were also more confident in their future and in their ability to influence societal issues."

Posted by at February 8, 2019 5:25 PM

  

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