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, its tax credit increases with the number of dependent children, and evidence shows that it increases labor force participation and employment in these families.
- Language
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Englisch
- Bibliographic citation
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Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2015 ; Bonn: Institute for the Study of Labor (IZA)
- Classification
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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
- Subject
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minimum wage
earned income tax credit
working poor
- Event
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Geistige Schöpfung
- (who)
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Burkhauser, Richard V.
- Event
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Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2015
- DOI
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doi:10.15185/izawol.153
- Handle
- Last update
- 10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Burkhauser, Richard V.
- Institute for the Study of Labor (IZA)
Time of origin
- 2015
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