Monday, August 24, 2020

Another Test of Universal Basic Income

This month approximately 100 or so Germans will receive a form of universal basic income every month for three years.

Germany is about to become the latest country to trial a universal basic income, starting a three-year study of how it affects the economy and recipients' well-being. As part of the study, 120 people will receive 1,200 euros, or about $1,430, each month for three years -- an amount just above Germany's poverty line -- and researchers will compare their experiences with another group of 1,380 people who will not receive the payments. 

Read more about the study at Business Insider. It is being conducted by the German Institute for Economic Research, and has been funded by 140,000 private donations. All participants will be asked to complete questionnaires about their lives, work, and emotional state to see whether a basic income has had a significant impact. A pro-basic-income lobbying group called Mein Grundeinkommen is funding the experiment. The group has used donations from its supporters to fund monthly 1,000-euro payments for 668 people since 2014.

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