The first results from the world’s biggest basic income experiment
Abhijit Banerjee, co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), and Tavneet Suri, co-chair of the agriculture sector and research affiliate at J-PAL, are evaluating and reporting on GiveDirectly's universal basic income scheme in Kenya, the world's largest UBI programme. Two years into the twelve year programme, researchers find that individuals who receive a lump-sum payment earned more, invested more in education and started more businesses than the group that receives monthly payments. Tavneet explains, "The lump sum group doesn’t have to save. They just have the money upfront and can invest it."