More Europeans are about to get some free money in the name of economics research.
The European Union is funding a new universal basic income experiment in Barcelona alongside similar tests in Helsinki and the Dutch city of Ultrecht.
Around 1,000 low-income households in one of the city’s poorest districts will be randomly selected to receive monthly payments of between €400 ($ 450) and €525 ($ 590) for two years. All told, the three programs will cost the EU €13 million ($ 14.7 million).
The study is the latest in a series of research efforts launched across the globe in recent months to put the policy to the test in a real-world setting. Read more…