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Minimum wage increases are not a very effective mechanism for reducing poverty. They are not related to decreases in poverty rates. They can cost some low-income workers their jobs. And most minimum wage earners who gain from a higher minimum wage do not live in poor (or near-poor) families. A...
Persistent link: https://www.econbiz.de/10010366925
This paper assesses Italy’s 2019 tax and benefit reforms, analyses hypothetical reforms and proposes a reform package that balances goals of reducing poverty, encouraging employment and fiscal sustainability. Using the OECD’s Tax-Benefit and the EUROMOD microsimulation models, it shows that...
Persistent link: https://www.econbiz.de/10012202861
effect of the DC supplemental earned income tax credit (EITC) and the federal EITC on poverty and income dynamics within … Washington, DC, from 2001 to 2011. The EITC in DC merits investigation, as the DC supplement to the federal credit is the largest … in the nation. The supplemental DC EITC was enacted in 2000, and has been expanded from 10 percent of the federal credit …
Persistent link: https://www.econbiz.de/10011297642
Persistent link: https://www.econbiz.de/10014566459
In this paper, I first summarize how the US Earned Income Tax Credit (EITC) operates and describe the characteristics … of recipients. I then discuss empirical work on the effects of the EITC on poverty and income distribution, and its … effects on labor supply. Next, I discuss a few policy concerns about the EITC: possible negative effects on hours of work and …
Persistent link: https://www.econbiz.de/10003736745
based on the Earned Income Tax Credit (EITC) and the Working Tax Credit (WTC) existing in the US and the UK, respectively …
Persistent link: https://www.econbiz.de/10010480180
In several countries, personal income tax permits tax credits for out-of-pocket healthcare expenditures. Tax credits produce two effects on taxpayers' disposable income. On the one hand, they benefit taxpayers at all income levels by reducing their net tax liability; on the other hand, they...
Persistent link: https://www.econbiz.de/10012986953
Persistent link: https://www.econbiz.de/10012125172
components of a wage insurance system already exist in the earned income tax credit (EITC) and the minimum wage. Neither by … moral hazard effects of the EITC, while the EITC makes up for the weak target efficiency and income adequacy of the minimum …
Persistent link: https://www.econbiz.de/10009381573
Persistent link: https://www.econbiz.de/10001421529