This Master thesis consists of an in-depth analysis of the of the Universal Basic Income (UBI) topic and its impact on the labor market. Although funding and time constraints made it hard to conduct a pilot and gather primary data, the author performed a meta-analysis of eight completed experiments and pilots conducted in US, Canada, Brazil, Namibia, Kenya, Uganda, and India. After that, the results regarding the impact of the UBI on the labor market as well as general equilibrium effects were presented. Furthermore, using literature review and findings, the hypothesis stating that the UBI will have a positive impact on the labor market was verified. In conclusion, the thesis provides an evaluation of the research and gives some recommendations regarding the implementation of the UBI policy.