The Earned Income Tax Credit : Insurance Without Disincentives ? ∗
The Earned Income Tax Credit : Insurance Without Disincentives ? ∗
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所得税抵免：没有抑制措施的保险？
DOI：
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发表时间：
2010
期刊：
影响因子：
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通讯作者：
Richmond Nicole Simpson
中科院分区：
文献类型：
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作者：
Kartik B. Athreya;Richmond Devin Reilly;Richmond Nicole Simpson
所得税抵免（EITC）是美国目前最重要的公共保险计划。它向严重依赖其人口状况，特别是家中子女人数的家庭提供工资补贴。除了生产力风险之外，在生命早期，未来的婚姻状况和受抚养人的数量都是不确定的。因此，EITC的一个重要方面是作为对这种风险的保险。然而，鉴于EITC作为公共保险计划的基本性质，对激励措施有潜在的影响。我们提出以下问题。谁从EITC中受益，受益人在多大程度上是纯转移相对于纯保险的接受者？利益的时间分配是什么？最后，EITC的扭曲程度有多大？据我们所知，我们的研究是第一个衡量EITC的影响，能够容纳其影响的基本特征。初步结果表明，EITC提供了大量的保险，美国年轻的家庭，并没有显着改变，因此显着扭曲，劳动休闲的选择。JEL代码：H22，L22，H24所有错误都是自己的。† P.O.研究部Box 27622，里士满，VA 23261;电话：（804）697-8225，传真：（804）697-8217，电子邮件：kartik.athreya@rich.frb.org. P.O. Box 27622，里士满，VA 23261;电话：（804）697-XXX，传真：（804）697-8217，电子邮件：迪文.Reilly@rich.frb.org. §经济系，13 Oak Drive，汉密尔顿，纽约，13346;（315）228-7991，传真：（315）228-7033，nsimpson@colgate.edu。
The Earned Income Tax Credit (EITC) is now the single most important public insurance program in place in the US. It provides wage-subsidies to households that are sharply dependent on their demographic status, especially the number of children present in the household. In addition to productivity risk, it is the case that early in life, neither future marital status, nor the number of dependents, is known with certainty. Therefore, an important dimension of the EITC to act as insurance against such risk. However, given the fundamental nature of EITC as a public insurance scheme, there are potential effects on incentives. We ask the following questions. Who benefits from the EITC, and to what extent are beneficiaries recipients of pure transfers relative to pure insurance? What the temporal distribution of benefits? Lastly, how distortionary is the EITC likely to be? Our study, to our knowledge, is the first to measure the implications of the EITC in a setting capable of accommodating the essential features governing its impact. Preliminary results suggest that the EITC provides substantial insurance to young US households, and does not significantly alter, and hence does significantly distort, laborleisure choices. JEL Codes: H22, L22, H24 ∗All errors are are own. † Research Department, P.O. Box 27622, Richmond, VA 23261; Ph. (804) 697-8225, Fax: (804) 697-8217, Email: kartik.athreya@rich.frb.org. ‡ Research Department, P.O. Box 27622, Richmond, VA 23261; Ph. (804) 697-XXX, Fax: (804) 697-8217, Email: Devin.Reilly@rich.frb.org. § Department of Economics, 13 Oak Drive, Hamilton, New York, 13346; (315)228-7991, Fax: (315)228-7033, nsimpson@colgate.edu.