The Alaska Permanent Fund, established in 1976, shares oil revenue with residents, providing annual dividends that reduce poverty and promote economic stability.
Although the Permanent Fund Dividend is not universal basic income as it distributes payments annually without qualifying criteria, it offers financial stability benefits to Alaskans.
Research indicates that Alaskans tend to spend more on essential goods like food and clothing in the months they receive their dividend payments from the fund.
Alaska's dividends differ from basic income pilots because they are not targeted at specific demographics and are dependent on fluctuating oil revenues, making results unique.
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