“Basic Income recipients were more satisfied with their lives and experienced less mental stress than the control group (a group not receiving Basic Income, but in receipt of job search allowances). They also felt that their financial well-being was better,” highlighted the press release issued on 06 May by Finland’s social security services Kela following its two-year review of the universal income experiment (2017/2018, c.f. article No.9852). From an ‘employment’ perspective however, Kela did not find a significant positive impact on employment for those concerned, and saw no discernable (or only slightly and dependent on social cohort) increase in work activity. Initial conclusions from Italy’s citizen’s income measure are also similar c.f. article No.11909.
Finland: social security services learn from the universal income experiment and point to weak effects on employment, but positive effects on beneficiaries’ mental health
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