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The document discusses a basic income experiment conducted in Finland from 2017 to 2018, which aimed to reform the social security system. Results indicated small employment effects along with improved perceptions of economic security and mental wellbeing. The document also outlines the objectives of the social security reform, its differences from the experiment, and includes insights from various speakers at a seminar on the topic.
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- 2. A basic incomeexperiment was conducted in Finland in 2017–2018 to find ways to reshape the social security system.
- 4. Results of thebasic income experiment: small employment effects, better perceived economic security and mental wellbeing
- 5. The social securityreform aims for a clear and well-functioning system • The social security reform aims to solve current problems, for example by • enabling the combining of work and social security. • supporting employment, entrepreneurship and lifelong learning. • The basic income experiment and the social security reform have both common aims and significant differences. • The basic income was unconditional. • Sustainable public finances are emphasised more in the reform than in the small-scale experiment. • What can we learn from basic income experiments?
- 6. Thank you and havea great seminar!
- 7. Reforming social security– What can we learn from basic income experiments? 10.00 Opening words Outi Antila, Kela UBI and the ongoing parliamentary work for reforming Finnish social security system Minna Ylikännö, Ministry of Economic Affairs and Employment Policy, “mirror” or metaphor: the political economy of basic income in advanced welfare states Joe Chrisp, University of Bath Growth regimes, statecraft and incremental change: the ‘puzzling success’ of UK pensions reform. Nick Pearce, University of Bath Q & A 12.00 Break 13.00 Simplification for Whom? Luiz Alonso de Andrade, University of Agder Which guaranteed minimum income regime works best for participation and implementation? Ruud Muffels, Tilburg University Q & A 14.10 Benefit take-up in the Finnish Basic Income Experiment Miska Simanainen, Kela Life on basic income – No strings attached? Helena Blomberg, University of Helsinki Q & A 15.00 Conclusion Olli Kangas, University of Turku
Editor's Notes
- #3 The Finnish basic income experiment was conducted in 2017-2018. From the beginning, the aim of the experiment was to find ways to reshape the social security system to better meet to future needs. Especially, basic income was less complicated model and offered better financial incentives to find employment.
- #4 Here are the main facts of the experiment. The budget was 20 million euros. Duration of the experiment was 2 year and it was implemented according to the plan. The amount was 560 euros per month which was close to the net amount of minimum unemployment benefit. Basic income was unconditional, in other words, there were no requirements to participate nor search for a job. The amount was not tapered if participant’s earnings increased. 2000 participants were selected
- #5 The employment of basic income recipients improved slightly. A basic income recipients described their wellbeing more positively than the control group. They were more satisfied with their lives and experienced less mental strain, depression, sadness and loneliness.
- #6 Currently, a parliamentary committee is reforming social security. The work started in 2020 and it will be finished in 2027. The social security reform aims for a clear and well-functioning system. Social security reform aims to solve current problems. The reform aims to enable to combine work and social security and support employment, entrepreneurship and lifelong learning. Actually, aims are quite similar than in basic income experiment but, of course, there are some differences. Sustainable public finances are more emphasised in reform than in small-scale experiment. Therefore, we ask in the seminar: What can we learn from basic income experiments? The basic income experiment in Finland and, of course, other experiments too provide insightful knowledge for our reform.