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UBI: Universal Basic Income w/ Ben Phillips, ANU - EP126

Economics Explored

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Ubi

I want to cover some issues that I didn't get to chat about with Ben, particularly whether UBI will have a big negative impact on people's labour supply so their willingness to work. Now around the world we've had several experiments of different types of UBI over the years. One UBI experiment which received a lot of media attention happened in Finland in 2017 and 2018,. 2000 randomly selected unemployed people received a 560 euro a month payment, which was similar to the unemployment benefit payment. A future episode delving into the details of these experiments and even into the negative income tax experiments in the 70s.

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