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Labor Market Policies

Labor market policies and programs shape the rules governing the dynamics between employers and employees

Labor market policies and programs help shape outcomes for low- and moderate-income workers. For example, rules about occupational licensure and non-compete contracts can affect access to jobs. Workforce services programs and unemployment insurance can support workers while they look for employment. We conduct research to provide leaders with high-quality information as they make decisions that matter for workers, employers, and the overall labor market. Our focus is on the impacts of both long-established labor market policies and new initiatives.

Minneapolis Fed research on the City of Minneapolis Guaranteed Basic Income pilot

In 2022, the City of Minneapolis began a guaranteed basic income pilot that included $500 monthly payments to 200 recipients over a two-year period. To learn what effects this pilot may have on its participants, the city selected the Minneapolis Fed to conduct a rigorous evaluation through a randomized controlled trial. The Minneapolis Fed’s role in this project is as a neutral, trusted research body working in the public interest to study policies affecting labor market dynamics in low- and moderate-income communities. Research and insights are intended to inform policymakers, researchers, and others who seek to understand the potential impacts and tradeoffs of basic income programs.

Project resources:

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