Charles Gottlieb
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Prof. Ph.D.
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Gottlieb
First name
Charles
Email
charles.gottlieb@unisg.ch
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+41 71 224 34 56
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  • Publication
    The Earned Income Tax Credit:Targeting the Poor but Crowding Out Wealth
    (Blackwell Publishing Limited, 2021-02)
    Froemel, Maren
    ;
    Gottlieb, Charles
    This paper quantifies the individual, aggregate and welfare effects of the Earned Income Tax Credit (EITC). In particular, we analyze the labor supply and saving responses to changes in tax credit generosity and their implications for prices and welfare. Our results show that the EITC is a subsidy on labor income and a tax on savings. An increase in EITC generosity raises labor force participation, reduces savings for many and provides insurance to working poor households. The EITC reduces earnings inequality but increases the skill premium and wealth inequality. A 10% increase in tax credit generosity increases welfare by 0.31% and benefits the majority of the population.
    Type: journal article
    Journal: Canadian Journal of Economics
    Volume: 51
    Issue: 1
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/110681
  • Publication
    The Earned Income Tax Credit:Targeting the Poor but Crowding Out Wealth
    ( 2016-09)
    Froemel, Maren
    ;
    Gottlieb, Charles
    In this paper, we quantify the effects of the Earned Income Tax Credit (EITC) from a macroeconomic perspective. We analyze jointly the labor supply and saving responses to changes in tax credit generosity and their aggregate and distributional implications. Our results show that the EITC raises labor force participation, provides insurance to working poor households but also disincentivizes private savings for many. Whilst reducing post-tax earnings inequality, the EITC contributes to a higher skill premium and wealth inequality. Finally, EITC expansions are welfare improving for the majority of the population, both ex ante and when accounting for transitional dynamics.
    Type: working paper
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/117104