Study: unconditional basic income makes you happy
According to people, an unconditional basic income makes people satisfied. The financial freedom and security gained by such a basic income had a positive effect on mental health, the German Institute for Economic Research and the Association « My basic income » said in Berlin on Wednesday.
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The general life satisfaction therefore improved as much as the monthly payment for study participants as usual with drastic positive life events such as marriage. Financial security creates new scope for action, said business psychologist Susann Fiedler. From a psychological point of view, it is interesting that recipients of basic income acted differently, but their attitudes did not change. « They are the same people in a different context, » said Fiedler.
Basic income had a positive impact on work
For the study, the scientists examined 107 people who received a monthly basic income of 1,200 euros for three years. Participants in a comparison group did not receive the payment. The investigation was limited to people between the ages of 21 and 40 with a net income between 1,100 and 2,600 euros. The study is representative of this group, but not for the entire population, explained Fiedler. Even overall economic consequences were not the subject of research.
They are the same people in a different context.
Susann Fiedler
Business psychologist
According to the investigation, the unconditional payment of money had no impact on the work done. After three years, as many people were in the works and that with the same working hours. The job satisfaction, on the other hand, increased measurably around half of the experimental period.
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To finance an unconditional basic income, the association « My basic income » proposes a « moderate tax mix ». In addition to an increase in income tax, higher corporate and financial transaction tax could also compensate for additional costs. At the same time, other social benefits would be lost. According to the calculations, around 83 percent of the population would benefit from a basic income, for seven percent nothing would change and ten percent of Germans would have to contribute more.
