Discover and read the best of Twitter Threads about #eitc

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New report by the California Policy Lab:

Can informational "nudges" about the #EITC and #CalEITC increase tax filing and claiming rates for the credits? (1) Picture of Statue of Liberty on a check and text that says
The federal Earned Income Tax Credit and the California Earned Income Tax Credit (CalEITC) can provide a substantial financial boost to low-income Californians--BUT--you have to file taxes to claim them: (2)
In a series of randomized trials, over 1 million low-income Californians who were likely eligible for the EITCs received text messages or letters, telling them about the credits. #RCT (3)
Read 10 tweets
NOW: Watch panelists @jasonfurman, @HilaryHoynes, and Jesse Rothstein, and chair @joshbivens_DC discuss social safety nets, like universal basic income #UBI, unemployment insurance, and more. Tune in #Inequality2019:…
@jasonfurman @HilaryHoynes @joshbivens_DC Macro policies can help with pre-tax wages, especially at the bottom, says @jasonfurman. #Inequality2019…
Read 8 tweets
1/ Moments ago at the CA Democratic Party state convention, I announced that I will not run for President of the United States in 2020. I gave the question a lot of consideration because I believe our next President must make Ending Poverty the governing agenda of our nation.
2/ As I’ve traveled our country, I’ve been moved by the number of Americans — and single moms — who are hurting just like my mom hurt when she was raising me by herself and when, even though she worked as hard as a mom could work, we lost our home to foreclosure.
3/ Somewhere along the way, we gave up the question of poverty to the statisticians and their arbitrary poverty line. But when nearly 8 out of 10 Americans live paycheck to paycheck, the middle class is dead. We have a Poverty Crisis. Yet how rarely do you hear the word Poverty?
Read 11 tweets
Exciting news! My paper with @michelmorek on The Long-Term Impact of the Earned Income Tax Credit on Children’s Education and Employment Outcomes is now on the Journal of Labor Economics site:

Brief summary:
We find that an additional $1,000 in EITC exposure when a child is 13–18 years old increases the likelihood of completing high school (1.3%), completing college (4.2%), and being employed as a young adult (1.0%) and earnings by 2.2%.
We find larger educ effects for minorities, kids of single-parents, kids with parents that did not go to college.

Economists already knew that the EITC improved health and test scores of young kids; we show that the positive effects of the program last through young adulthood
Read 8 tweets

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