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The effects of the earned income credit on the seasonality of household expenditures
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UNSPECIFIED (2000) The effects of the earned income credit on the seasonality of household expenditures. In: Joint Center for Proverty Research Conferene on the Earned Income Tax Credit: Early Evidence, EVANSTON, ILLINOIS, OCT 07-08, 1999. Published in: NATIONAL TAX JOURNAL, 53 (4 Part 2). pp. 1211-1243. ISSN 0028-0283.
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Abstract
Using data from the Consumer Expenditure Survey, we investigate whether the Earned Income Credit (EIC) leads to changes in seasonal expenditure patterns of low-income workers. We find that EIC eligible households spend approximately 3 percent move total during February, the modal month of EIC refunds, and 9 percent more on durable goods than non-eligible households. The increased spending on durable goods indicates that the EIC facilitates the purchasing of big-ticket items by low-income-families. These estimates, when converted to dollars, also suggest that EIC recipients smooth expenditure somewhat since the average increase in expenditure is less than the average EIC refund.
Item Type: | Conference Item (UNSPECIFIED) | ||||
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Subjects: | H Social Sciences > HG Finance H Social Sciences > HC Economic History and Conditions |
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Journal or Publication Title: | NATIONAL TAX JOURNAL | ||||
Publisher: | NATL TAX ASSN | ||||
ISSN: | 0028-0283 | ||||
Official Date: | December 2000 | ||||
Dates: |
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Volume: | 53 | ||||
Number: | 4 Part 2 | ||||
Number of Pages: | 33 | ||||
Page Range: | pp. 1211-1243 | ||||
Publication Status: | Published | ||||
Title of Event: | Joint Center for Proverty Research Conferene on the Earned Income Tax Credit: Early Evidence | ||||
Location of Event: | EVANSTON, ILLINOIS | ||||
Date(s) of Event: | OCT 07-08, 1999 |
Data sourced from Thomson Reuters' Web of Knowledge
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