July 25, 2024 Reason magazine reported on a new working paper about the potential downsides to universal basic income (UBI) programs after studying the effects of a $1,000/month stipend over three years. The article quotes Prof. Damon Jones comment on X. So, free time is good [and] guaranteed income recipients use some of the money to free up time," argued Damon Jones, a professor at the University of Chicago's school of public policy, on X. "The results are bad if you want low-income people to be doing other things with their time, for example working. Read the full article here: https://reason.com/2024/07/25/bad-news-for-universal-basic-income/ Faculty Spotlight Damon Jones Associate Professor Damon Jones conducts research at the intersection of three fields within economics. Upcoming Events More events Harris Summer Mixer in Bogotá Sat., July 05, 2025 | 8:00 PM Andrés DC Cl. 82 #12 -21 Bogotá, DC, 110221 Colombia Harris Summer Campus Visit Mon., July 07, 2025 | 10:00 AM Harris School of Public Policy 1307 E 60th St Chicago, IL 60637 United States Get to Know Harris! A Virtual Information Session Wed., July 09, 2025 | 8:30 AM