Data and Code for: The Short-Term Labor Supply Response to the Expanded Child Tax Credit

Principal Investigator(s):  View help for Principal Investigator(s) Damon Jones, University of Chicago; Brandon Enriquez, Massachusetts Institute of Technology; Ernie Tedeschi

Version:  View help for Version V1

Name File Type Size Last Modified
  code 05/22/2023 10:12:PM
  data 05/22/2023 08:17:PM
README.pdf application/pdf 151.2 KB 05/22/2023 04:24:PM

Project Citation: 

Jones, Damon, Enriquez, Brandon, and Tedeschi, Ernie. Data and Code for: The Short-Term Labor Supply Response to the Expanded Child Tax Credit. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-06-05. https://doi.org/10.3886/E191881V1

Project Description

Summary:  View help for Summary We estimate the extensive and intensive margin labor supply response to the monthly Child Tax Credit disbursed in 2021 as a part of the American Rescue Plan Act. Using Current Population Survey microdata, we compare labor supply outcomes among households who qualify for varying relative increases in household income, as a result of their income level and household size. We do not find strong evidence of a change in labor supply for families receiving the credit. The results are robust to alternative labor supply models, where households respond mainly to cash on hand or changes in the annual budget set.

Scope of Project

Subject Terms:  View help for Subject Terms Inequalty; Income Transfers; Labor Supply
JEL Classification:  View help for JEL Classification
      D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
      H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
      J22 Time Allocation and Labor Supply
Geographic Coverage:  View help for Geographic Coverage United States of America
Time Period(s):  View help for Time Period(s) 1/1/2018 – 3/1/2022
Collection Date(s):  View help for Collection Date(s) 2018 – 2022
Universe:  View help for Universe People age 16 and older, United States
Data Type(s):  View help for Data Type(s) survey data

Methodology

Data Source:  View help for Data Source IPUMS CPS ASEC supplement, 2018 to 2022,
NBER CPS Basic Monthly Data, 2018 to 2022
Unit(s) of Observation:  View help for Unit(s) of Observation Individuals

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V1 [2023-06-05]

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