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Korean local government to pilot basic income

Gyeonggi Province is set to launch a publicly funded trial of basic income for rural residents, with a view to providing evidence for local and national expansion. It is understood to be the first universal basic income (UBI) experiment of its type in South Korea. The initiative, led by Gyeonggi Province Governor Lee Jaemyung, aims to address challenges such as an ageing society, declining population, job losses and falls in income, as...

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Wave of US cities to pilot guaranteed income programmes

Earlier this month as he revealed the preliminary results from the Stockton Economic Empowerment Demonstration (SEED), former Stockton Mayor Michael Tubbs said that when he first announced the idea of piloting Guaranteed Income (GI) in 2017, many people “thought we were crazy, that it was a joke”. But the concept of providing direct cash payments to specific, targeted communities of people is beginning to gain traction in light of...

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Newark Releases Guaranteed Income Report And This Is What The Pilot Program Could Look Like

FSP Associate Director Rachel Black was the lead author of the Guaranteed Income Report for the City of Newark and is featured in this piece. This article was written by Tehsuan Glover and originally published by the Newark Times on 6/5/20. Click here to access the full article.   “Mayor Ras J. Baraka and the Guaranteed Income Taskforce today released the Guaranteed Income Report on findings and recommendation for a pilot...

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Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond

This article is part of NextBillion’s series “Enterprise in the Time of Coronavirus,” which explores how the business and development sectors are responding to the pandemic. For news updates and analysis, virtual events, and links to useful resources related to the COVID-19 crisis, check out NextBillion’s coronavirus resource page. “The U.S., joining actions taken in countries around the world, has deployed direct cash...

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Guaranteed Income and Cash Infusions: A Three-Part Series

This set of three publications explores how direct investments via cash infusions and transfers boost individual and family financial well-being. These briefs are designed to pull together what is known about the need for, the innovations in, and the effects of cash infusion and transfer programs on the financial security of recipients, their families, and their communities. They are intended to inform a diverse set of US-based...