tailieunhanh - Means-Tested Transfer Programs in the United States

The tables used in the main body of the following discus- sion are based on the entire sample, comprising 1,468 good loans and 1,297 bad loans. But in these summary tabulations, which represent a combination of the samples of all banks, the separate distributions of good and of bad loans for each bank have been so weighted that the combined sample may be considered to comprise 1,294 good loans and the same number of bad The banks cooperating in this survey were asked to submit approximately equal-sized samples of the two types of loans, because an equal division is most effi- ciently studied. A group of only two hundred. | This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title Means-Tested Transfer Programs in the United States Volume Author Editor Robert A. Moffitt editor Volume Publisher University of Chicago Press Volume ISBN 0-226-53356-5 Volume URL http books moff03-1 Conference Date May 11-12 2000 Publication Date January 2003 Title The Earned Income Tax Credit Author V. Joseph Hotz URL http chapters c10256 3 ------------------------------------ The Earned Income Tax Credit V Joseph Hotz and John Karl Scholz Introduction The Earned Income Tax Credit EITC grew from billion in 1975 in 1999 dollars the first year it was part of the tax code to billion in 2000. No other federal antipoverty program has grown at a comparable rate. In 2000 EITC spending was within 4 billion of the combined federal spending on Temporary Assistance for Needy Families TANF and food The growth of the EITC has been even more striking given the antipathy most Americans express toward welfare at least prior to welfare reform in 1996 and the rhetoric of both political parties about recognizing the limitations of government The EITC s popularity relative to means-tested cash transfers like the former Aid to Families with Depen- V. Joseph Hotz is professor of economics at the University of California Los Angeles and a research associate of the National Bureau of Economic Research. John Karl Scholz is professor of economics and director of the Institute for Research on Poverty at the University of Wisconsin-Madison and a research associate of the National Bureau of Economic Research. The authors thank Robert Moffitt for guidance Janet Holtzblatt for comments and for teaching them a lot about the earned income tax credit over the years Dan Feenberg and the National Bureau of Economic Research for putting TAXSIM on the Web and Janet Mc-Cubbin Bruce Meyer Jeffrey Liebman John Wolf and conference .

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