Does Income Affect Health? Evidence from a Randomized Controlled Trial of a Guaranteed Income

Sarah Miller, Elizabeth Rhodes, Alexander Bartik (), David E. Broockman, Patrick K. Krause and Eva Vivalt

No 32711, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study a randomized trial in which 1,000 low-income U.S. adults age 21 to 40 received $1,000 per month for three years, from November 2020 until October 2023, while 2,000 control participants received $50 monthly over that same period. The transfer produced large but short-lived improvements in stress and food security and increased hospital, emergency department, and dental care use. However, it did not improve self-reported physical health, clinical biomarkers, or mental health after the first year, and we can rule out small effects on many outcomes. We also find no effects on the health of children in participants’ households.

JEL-codes: I12 I14 I3 (search for similar items in EconPapers)
Date: 2024-07
New Economics Papers: this item is included in nep-dem, nep-exp and nep-hea
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