| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w30373 |
| 来源ID | Working Paper 30373 |
| Investing in Infants: The Lasting Effects of Cash Transfers to New Families | |
| Andrew C. Barr; Jonathan Eggleston; Alexander A. Smith | |
| 发表日期 | 2022-08-22 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We provide new evidence that cash transfers following the birth of a first child can have large and long-lasting effects on that child’s outcomes. We take advantage of the January 1 birthdate cutoff for U.S. child-related tax benefits, which results in families of otherwise similar children receiving substantially different refunds during the first year of life. For the average low-income single-child family in our sample this difference amounts to roughly $1,300, or 10 percent of income. Using the universe of administrative federal tax data in selected years, we show that this transfer in infancy increases young adult earnings by at least 1 to 2 percent, with larger effects for males. These effects show up at earlier ages in terms of improved math and reading test scores and a higher likelihood of high school graduation. The observed effects on shorter-run parental outcomes suggest that additional liquidity during the critical window following the birth of a first child leads to persistent increases in family income that likely contribute to the downstream effects on children’s outcomes. The longer-term effects on child earnings alone are large enough that the transfer pays for itself through subsequent increases in federal income tax revenue. |
| 主题 | Public Economics ; Taxation ; Health, Education, and Welfare ; Education ; Poverty and Wellbeing ; Labor Economics ; Demography and Aging ; Labor Supply and Demand ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w30373 |
| 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/588045 |
| 推荐引用方式 GB/T 7714 | Andrew C. Barr,Jonathan Eggleston,Alexander A. Smith. Investing in Infants: The Lasting Effects of Cash Transfers to New Families. 2022. |
| 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 | ||
| w30373.pdf（654KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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