Effects of a Tax-Time Savings Experiment on Material and Health Care Hardship among Low-Income Filers

Mathieu R. Despard, Samuel Taylor, Chunhui Ren, Blair Russell, Michal Grinstein-Weiss, Ramesh Raghavan

    Research output: Contribution to journalArticle

    Abstract

    Material and health care hardship is common among households with low incomes and is associated with a host of adverse outcomes but can be mitigated with having savings. The authors assessed the effects of online tax-time savings interventions informed by behavioral economics on hardship among a sample of low- and moderate-income tax filers (N = 4,738). The authors find that filers who received an intervention had a statistically significant, lower probability of both types of hardship 6 months after tax filing, compared to the control group. However, this result does not hold when incorporating household financial characteristics and prior hardship to models.

    Original languageEnglish (US)
    Pages (from-to)156-178
    Number of pages23
    JournalJournal of Poverty
    Volume22
    Issue number2
    DOIs
    StatePublished - Mar 4 2018

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    taxes
    savings
    low income
    health care
    income tax
    experiment
    economics
    Group
    time

    Keywords

    • Behavioral economics
    • earned income tax credit
    • health care hardship
    • material hardship
    • savings

    ASJC Scopus subject areas

    • Demography
    • Sociology and Political Science

    Cite this

    Despard, M. R., Taylor, S., Ren, C., Russell, B., Grinstein-Weiss, M., & Raghavan, R. (2018). Effects of a Tax-Time Savings Experiment on Material and Health Care Hardship among Low-Income Filers. Journal of Poverty, 22(2), 156-178. https://doi.org/10.1080/10875549.2017.1348431

    Effects of a Tax-Time Savings Experiment on Material and Health Care Hardship among Low-Income Filers. / Despard, Mathieu R.; Taylor, Samuel; Ren, Chunhui; Russell, Blair; Grinstein-Weiss, Michal; Raghavan, Ramesh.

    In: Journal of Poverty, Vol. 22, No. 2, 04.03.2018, p. 156-178.

    Research output: Contribution to journalArticle

    Despard, MR, Taylor, S, Ren, C, Russell, B, Grinstein-Weiss, M & Raghavan, R 2018, 'Effects of a Tax-Time Savings Experiment on Material and Health Care Hardship among Low-Income Filers', Journal of Poverty, vol. 22, no. 2, pp. 156-178. https://doi.org/10.1080/10875549.2017.1348431
    Despard, Mathieu R. ; Taylor, Samuel ; Ren, Chunhui ; Russell, Blair ; Grinstein-Weiss, Michal ; Raghavan, Ramesh. / Effects of a Tax-Time Savings Experiment on Material and Health Care Hardship among Low-Income Filers. In: Journal of Poverty. 2018 ; Vol. 22, No. 2. pp. 156-178.
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