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http://dx.doi.org/10.5392/JKCA.2017.17.08.382

Analysis on the Effect of EITC(Earned Income Tax Credit) on Work Incentive -Focus on the second policy that was revised in 2011-  

Kim, Gun-Tai (서강대학교 신학대학원 사회복지학과)
Kim, Yun-Young (인천발전연구원 도시경영연구실)
Publication Information
The Journal of the Korea Contents Association / v.17, no.8, 2017 , pp. 382-395 More about this Journal
Abstract
This study tries to analyze whether the Earned Income Tax Credit (EITC), which was modified in 2011, has the effect of work incentive. In this sense, by establishing the 8th Wave of Korea Welfare Panel Study (2013) and the 9th Wave (2014), Furthermore, in order to overcome the methodological limit, the results of two-party analysis method will be compared by firstly carrying out multiple regression analysis and then performing propensity score matching analysis. The 535 households out of 6,025 were selected. The following are the results of multiple digression analysis and propensity score matching analysis. First, there was no statistically meaningful relationship with regard to the perception of the EITC. Second, there was a statistically meaningful result in the reduction of working hours with regard to whether a household received labor incentive or not. The study found that the revised EITC is not providing incentives which stimulates the will to work.
Keywords
EITC; Work Incentive; Korea Welfare Panel Study; Propensity Score Matching Analysis;
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