Basic income: An answer to social security problems?

by Marjukka Turunen
Organisation for Economic Co-operation and Development (OECD), May 2017

Read online at:
http://www.oecd.org/social/basic-income-an-answer-to-social-security-problems.htm

Finland has taken the decision to test a basic income for unemployed job seekers from the beginning of 2017. The trial will run for two years. The main goal behind the experiment is to see if the mechanism of a basic income (unconditional financial support paid regularly to customers) will increase the incentive for recipients to take up and stay in employment. The trial is also expected to offer perspectives on a wide range of issues to help improve our social security systems.

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