Is Universal Basic Income (UBI) the one size-fits-all social policy of the post-pandemic era? / Employment and well-being effects of basic income: evidence from the Finnish basic income experiment
Please note that registration will close on 15 Feb.
Lavinas
The idea of a universal basic income (UBI) has gained new momentum worldwide as a response to the dire consequences of the covid-19 pandemic. That same call was heard amid the 2008 great recession. However, what we have learned from the previous crisis is that “ad hoc” short-term measures, though often generous, are insufficient to compensate for losses and ensure long lasting socioeconomic security. Social policies are at a crossroads and need to be reformed. Is UBI the best move forward? What are the advantages and drawbacks of casting UBI under the aegis of financialized capitalism?

Kangas:
The Finnish basic income (BI) experiment was obligatory, randomised, nation-wide field experiment with a treatment group and identical control group. There were 2,000 randomly selected unemployed assigned into the treatment group. The treated were somewhat (but not significantly) better than the control group in finding employment. However, there were significant differences in the overall wellbeing. The treated had fewer health and economic problems and experiences of bureaucracy and they were also more confident in their future capabilities and in their possibilities to have influence in their lives.
Date: 18 February 2021, 16:00
Venue: Zoom Webinar
Speakers: Lena Lavinas, Olli Kangas
Organising department: Department of Social Policy and Intervention
Organisers: Dr Rossella Ciccia (University of Oxford), Dr Marek Naczyk (University of Oxford)
Organiser contact email address: communications@spi.ox.ac.uk
Hosts: Dr Rossella Ciccia (University of Oxford), Dr Marek Naczyk (University of Oxford)
Part of: OISP Seminar Series: A New Dawn for Social Policy
Booking required?: Required
Booking url: https://forms.office.com/Pages/DesignPage.aspx#FormId=G96VzPWXk0-0uv5ouFLPkXU22tvMWYpBtVi0MQ2zuK9UNzdYSldSUTQwWDNaMURHNkc0VVM3Q0RQOC4u
Cost: FREE
Audience: Public
Editor: Lani Fukada