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Published on Sep 25, 2016
The Finnish Basic Income Experiments
The basic income experiment is one of the key projects formulated in the programme of Prime Minister Juha Sipilä’s centre-to-right Government. The basic income experiment will be carried out in 2017-2018, followed by an assessment of its results in 2019. The basic income experiment is one the measures in which the aim is to reform the Finnish social security system to better correspond to changes in working life, to make social security more participatory and incentive-based, to reduce bureaucracy and simplify the complex benefit system in a manner that would be sustainable from the perspective of general government finances. Partial basic income is the basis in the experiment. Partial basic income would harmonize most of the existing basic social security benefits, while most of the earnings-related benefits would remain unchanged. Under the budget available for the experiment, a total of about 1,500 individuals can take part in the experiment. If, in addition to the funding allocated for the experiment, existing social benefits could also be used in the form of “basic income” , the sample size could be increased up to 8,000 participants that will be selected by a nation-wide random sampling based on date of birth. The presentation will describe the political processes behind the experiment, the process of planning and implementation of the experiment.