How do EITC recipients spend their refunds?

Andrew Goodman-Bacon and Leslie McGranahan

Economic Perspectives, 2008, vol. 32, issue Q II, 17-32

Abstract: The authors determine what items are purchased using the earned income tax credit (EITC)?one of the largest sources of public support for lower-income working families in the U.S. They find that recipient households? EITC payments are used primarily for vehicle purchases and transportation spending, both of which are crucial to job access and consistent with the EITC?s prowork goals.

Keywords: Earned income tax credit; Durable goods, Consumer (search for similar items in EconPapers)
Date: 2008
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