Building a Better Earned Income Tax Credit
Episode Description
Recent Wharton research suggests that redefining who is eligible for the Earned Income Tax Credit in the U.S. may make it more effective. More: http://knlg.net/2idDllD 📂 Finance & Accounting 🏷️ Research
Brief Summary
Professor Benjamin Lockwood discusses work subsidies, the EITC, and behavioral economics in tax policy reform.
Key points
- Behavioral Economics and Tax Policy. Benjamin Lockwood discusses how behavioral economics informs tax policy and work subsidies.
- Implications of EITC Research. Research reveals why the Earned Income Tax Credit is popular and suggests reforms.
- Reforming the EITC. Lockwood suggests reforms to improve the timing and structure of EITC benefits.
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Episode highlights
- Behavioral Economics and Tax PolicyBenjamin Lockwood discusses how behavioral economics informs tax policy and work subsidies.“People often underestimate benefits when they come with a delay.”1:18Jan 19, 2017
- Implications of EITC ResearchResearch reveals why the Earned Income Tax Credit is popular and suggests reforms.“This helps us understand why policies like the Earned Income Tax Credit are so popular.”2:07Jan 19, 2017
- Reforming the EITCLockwood suggests reforms to improve the timing and structure of EITC benefits.“By paying out benefits more frequently, we could avoid high-interest loans.”4:15Jan 19, 2017
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