In Finland, at the beginning of 2017, they decided to carry out a long-term experiment with unconditional basic income. Approximately 2000 people received 560 euros each month, no-strings-attached and tax-free.
An experiment with unconditional basic income would be part of another wider experiment to simplify welfare benefits and reduce the unemployment rate.
The experimental results can be briefly summarized as follows:
- recipients of money were happier
- they suffered less stress
- there was no change in the effort to find a job
The preliminary report from the experiment was published on Friday by the social security administrator KELA.