Future Tense
Nobel-Prize laureate Abhijit Banerjee on the world's largest UBI experiment
Apr 11, 2024
Nobel-Prize winning economist Abhijit Banerjee discusses the world's largest UBI trial in Kenya. They touch on topics such as the impact of different UBI payment methods, digital device addiction, and the shift from traditional values to new virtues in society.
29:09
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Quick takeaways
- Long-term recipients of universal basic income in Kenya are more inclined to start new businesses, showing diverse money attitudes.
- Recipients of universal basic income in Kenya exhibit a focus on long-term planning by investing in new ventures like agriculture.
Deep dives
Universal Basic Income Trial in Kenya
The podcast discusses the ongoing universal basic income trial conducted by Economist Arborship Banerjee in Kenya. The trial covers 295 villages with over 20,000 families involved. It scrutinizes the impact of different payment methods, such as long-term monthly payments, short-term payments, and a lump sum at the beginning. Results show that long-term recipients are more likely to start new businesses, reflecting differing psychological attitudes toward money.
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