Finland scraps universal basic income experiment

The two-year pilot project involves giving 2,000 unemployed Finns aged 25 to 58 a sum of €560 every month, no strings attached. The aim of the project is to find out if more unemployed people will start to work to earn extra money to the basic income. As the experiment will not expire before the end of this year, no empirical data are available yet. Nevertheless, the Finnish government is now eyeing different social-welfare projects, such as a universal tax credit. "Two years is too short a time frame to be able to draw extensive conclusions from such a vast experiment," social policy expert Olli Kangas said. Experts agree that the sample is too small and should be extended with other groups of people, including students, entrepreneurs or employees. - -



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