Artikel
The minimum wage versus the earned income tax credit for reducing poverty
Minimum wage increases are not an effective mechanism for reducing poverty. And there is little causal evidence that they do so. Most workers who gain from minimum wage increases do not live in poor (or near-poor) families, while some who do live in poor families lose their job as a result of such increases. The earned income tax credit is an effective way to reduce poverty. It raises only the after-tax wage rates of workers in low- and moderate-income families, the tax credit increases with the number of dependent children, and evidence shows that it increases labor force participation and employment in these families.
- Sprache
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Englisch
- Erschienen in
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Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2021 ; Bonn: Institute of Labor Economics (IZA)
- Klassifikation
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Wirtschaft
Labor Demand
Wages, Compensation, and Labor Costs: Other
Labor Standards: Public Policy
Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
Measurement and Analysis of Poverty
- Thema
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minimum wage
earned income tax credit
working poor
- Ereignis
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Geistige Schöpfung
- (wer)
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Burkhauser, Richard V.
Corinth, Kevin
- Ereignis
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Veröffentlichung
- (wer)
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Institute of Labor Economics (IZA)
- (wo)
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Bonn
- (wann)
-
2021
- DOI
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doi:10.15185/izawol.153.v2
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Burkhauser, Richard V.
- Corinth, Kevin
- Institute of Labor Economics (IZA)
Entstanden
- 2021