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Aug 22, 2020

Germany is set to trial a Universal Basic Income scheme

Posted by in category: economics

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, 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.

The study, conducted by the German Institute for Economic Research, has been funded by 140,000 private donations.

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