Board of Governors of the Federal Reserve System (U.S.)
High-frequency Spending Responses to the Earned Income Tax Credit
Many households face large, high-frequency changes in income and have limited financial buffers to smooth their consumption through this income volatility. However, few studies have quantified spending responses to such timing shifts in income due to a lack of high-frequency spending data. We use a new dataset of anonymized daily, state-level spending to study a two-week delay in federal tax refunds with an earned income tax credit (EITC) in 2017.
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Aditya Aladangady & Shifrah Aron-Dine & David B. Cashin & Wendy E. Dunn & Laura Feiveson & Paul Lengermann & Katherine Richard & Claudia R. Sahm, High-frequency Spending Responses to the Earned Income Tax Credit, Board of Governors of the Federal Reserve System (U.S.), FEDS Notes 2018-06-21, 21 Jun 2018.
This item with handle RePEc:fip:fedgfn:2018-06-21
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