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Working Paper
The Earned Income Tax Credit and Food Consumption Patterns
The Earned Income Tax Credit is unique among social programs in that benefits are not paid out evenly across the calendar year. We exploit this feature of the EITC to investigate how the credit influences the food expenditure patterns of eligible households. We find that eligible households spend relatively more on healthy items including fresh fruit and vegetables, meat and poultry, and dairy products during the months when most refunds are paid.
What Do Components of Key Inflation Measures Say about Future Inflation?
A new analysis suggests that the food expenditures category of the consumer price index could be a useful signal of future headline inflation.