Universal basic income study finds work reduction from cash aid
A National Bureau of Economic Research trial gave 1,000 low income adults $1,000 monthly for three years and 2,000 controls $50. The results show a 2.0 percentage point drop in labor participation and 1.3 to 1.4 fewer hours weekly, with total household income falling as transfers reduce earnings. Recipients used time for leisure or study, while other welfare impacts remained minimal. The paper warns universal basic income may erode work incentives and widen poverty traps.
MENTIONED IN THIS ARTICLE
Bureau of Economic Research
United States
Medina Gazette letter submission guidelines
The Gazette invites letters to the editor under 250 words and notes that longer letters may be edited for brevity accuracy and clarity. Include name full home address and telephone for verification by email or mail to the Medina Ohio newspaper at the given address.
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Moving to disaster zones fuels risk and climate costs
A Redfin based analysis shows net migration into high flood or wildfire risk counties slowed in 2023 after a decade of flood and fire driven moves. Florida and Texas attract many buyers despite rising premiums and repeated disasters, while insurers and policymakers debate price signals to curb risk.
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New Jersey
Redfin
U.S
First Street Foundation
California
Houston
Louisiana
Miami
Florida
Sunshine State
Daryl Fairweather
Lee County
Fort Myers
Ian
Debby
Texas
S&p Global
Bankrate.com
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Paris
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Bloomberg
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Wall Street Journal
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