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Lump Sum Payments

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Kenya's Universal Basic Income Experiment: Key Findings and Implications

Originally Published 2 years ago — by Alaska Public Media News

The first findings from a universal basic income experiment in Kenya, conducted by charity GiveDirectly, have been released. The study provided cash grants of $50 per month for 12 years to thousands of villagers, comparing their outcomes to control groups. The results showed that giving cash aid in a lump sum had major advantages, with recipients starting more businesses and earning higher revenues compared to those receiving monthly installments. The study also found that the universal nature of the aid increased its impact, and the grants did not fuel inflation. The long-term effects of lump-sum payments are still being studied.

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The Pros and Cons of Monthly Cash Payments for Universal Basic Income

Originally Published 2 years ago — by Business Insider

A new study on universal basic income suggests that while monthly cash payments are beneficial for immediate assistance, lump-sum payments may be more effective in helping those in need build long-term wealth. The study, conducted in Kenya, compared the impacts of different types of direct payments and found that a one-time $500 payment had more lasting effects on recipients' earnings and access to education. However, the study also noted that lump-sum payments had the smallest positive impact on mental health. The research highlights the need for tailored approaches in designing cash transfer programs to meet basic needs and support transformative changes in the lives of people living in extreme poverty.

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