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22대 대한민국 국회 국회정보길라잡이 국회의원검색
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정보검색

소장정보 검색

국회도서관 홈으로 정보검색 소장정보 검색
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Title page 1

Contents 1

Abstract 2

1. Introduction 3

2. Background 5

3. Data and estimation strategy 10

4. Results 17

5. Conclusion 26

Reference 29

Appendix A. Spending Category Definitions and CE Interview Questions 36

Appendix B. Descriptive results 40

Appendix C. Supplementary results 42

Tables 13

Table 1. Treatment months in reference quarter by interview month 13

Table 2. Imputed Value of the Advanced Child Tax Credit Payment Eligibility for Qualifying Households 14

Table 3. Estimated effects on spending of a $100 increase in CTC payments during the reference quarter (3-month period) across major expenditure... 20

Table 4. Estimated effects on spending of a $100 increase in CTC payments during the reference quarter (3-month period) across child-related goods... 22

Table 5. Estimated effects on spending across major expenditure categories of a $100 increase in the CTC payments by race/ethnicity of reference person 23

Table 6. Estimated effects on child-related spending of a $100 increase in CTC payments during the reference quarter (3-month period) by race/ethnicity... 24

Figures 7

Figure 1. Child Tax Credit as a Function of AGI and Household Size 7

Figure 2. Quarterly CTC Income for Different Household Types by Child Age and Interview Month 13

Figure 3. Consumer Price Index Rebased to January of the Respective Year 16

Figure 4. Estimated effects on spending of a $100 increase in CTC payments during the reference quarter (3-month period) for major expenditure... 18

Figure 5. Estimated effects on spending of a $100 increase in CTC payments during the reference quarter (3-month period) across child-related expenditure... 19

Figure 6. Results from placebo tests: Estimated effects of a $100 increase in CTC payments during the reference quarter (3-month period) in 2019 26

Appendix Tables 36

Appendix Table A1. Major Expenditure Categories 36

Appendix Table A2. Child-related Expenditure Categories 36

Appendix Table A3. Rates of reported receipt and use of the advanced CTC payment 39

Appendix Table B1. Change in spending between pre and post for households with children (naïve first difference) 41

Appendix Table C1. Placebo Test, Estimated effects on spending of a $100 increase in CTC payments during the reference quarter across expenditure... 43

Appendix Table C2. Placebo Test, Estimated effects on spending of a $100 increase in CTC payments during the reference quarter across expenditure... 44

Appendix Table C3. Treatment on treated results, Estimated effects on spending of a $100 increase in CTC payments during the reference quarter across expenditure... 46

Appendix Figures 42

Figure C1. Average three-month total expenditures by interview year and month among households with children who would be eligible for the ARPA CTC 42

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