| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27940 |
| 来源ID | Working Paper 27940 |
| Who Benefits From the Child Tax Credit? | |
| Jacob Goldin; Katherine Michelmore | |
| 发表日期 | 2020-10-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In recent years, the Child Tax Credit (CTC) has provided a cash transfer of up to $2,000 per child under age 17 to millions of families in the United States. Using the Current Population Survey, we examine the aggregate effects and distributional implications of the rules governing the credit. We focus on the rules that were in place for years prior to 2021 and that are currently scheduled to apply for years beginning in 2022. While approximately 90% of children benefit to at least some degree from the CTC, we document striking disparities in eligibility and benefits by income and race. The vast majority of children living in households in the bottom decile of the national income distribution are completely ineligible for the CTC and the majority of filers in the bottom thirty percent are eligible only for a partial credit. In contrast, virtually all children living in households in the top half of the income distribution qualify for the full credit amount. Approximately three-quarters of white, non-Hispanic and Asian children are eligible for the full CTC, compared to only about half of Black and Hispanic children. We use our results to estimate the distributional effects of a range of reforms to the CTC eligibility rules. Our results suggest that reforming the credit to include a larger share of children would more evenly distribute the credit’s benefits across children of different races and incomes. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w27940 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585614 |
| 推荐引用方式 GB/T 7714 | Jacob Goldin,Katherine Michelmore. Who Benefits From the Child Tax Credit?. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27940.pdf（726KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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