Even a little goes a long way

Here’s an article by Roberto A. Ferdman in The Washington Post about the remarkable impact of Basic Income. It discusses a study reported in NBER on a set of low income children in North Carolina, USA.

“This was hugely important to the development of the children, to their wellbeing” said Akee. “And the effect wasn’t small either—it was actually fairly large.”

“Not only did the extra income appear to lower the instance of behavioral and emotional disorders among the children, but, perhaps even more important, it also boosted two key personality traits that tend to go hand in hand with long-term positive life outcomes.”