Full Citation
Title: How Expanding EITC Will Benefit 1.5 Million Low-Income Older Workers
Citation Type: Miscellaneous
Publication Year: 2021
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Abstract: A popular cash transfer program credited with lifting millions out of poverty, the Earned Income Tax Credit (EITC) also reduces wages for non-college educated workers, particularly older workers. Meanwhile, eligibility rules have long prevented most older workers from receiving EITC benefits at the same rate as their younger counterparts. Expanding EITC benefits permanently would offset some of these lost earnings and help stabilize older workers’ earnings. In 2021, Congress enacted a temporary EITC expansion—and our research shows that a permanently expanded EITC would benefit millions of older low-income workers.
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Authors: Ghilarducci, Teresa
Publisher: Schwartz Center for Economic Policy Analysis
Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure, Poverty and Welfare
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