Study Finds UBI Results Are Not Positive

Seven Spirals writes: A working paper [PDF], published by the National Bureau of Economic Research, studies the employment effects of a guaranteed income by providing $1,000 per month to 1,000 low-income participants for three years, compared to a control group receiving $50 per month. The results show a decrease in labor market participation by 2 percentage points and a reduction of 1.3-1.4 hours in weekly work hours. Most of the additional free time was spent on leisure, and there were no significant improvements in job quality or human capital investments. Overall, the guaranteed income led to a moderate reduction in labor supply without other substantial productive benefits.
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