Economics
Finland’s Landmark Trial Finds Basic Income Brings Happiness But Not Jobs
- Finland conducted a basic income experiment in 2017-2018
- Final results of the first nationwide trial released Wednesday
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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.
The final results, published on Wednesday, are in line with initial findings released in February 2019. The main conclusions suggest that a basic income improves the mental well-being of recipients and makes them feel more secure with their finances.