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The Effects of the 2021 Monthly Child Tax Credit on Child and Family Well-being: Evidence from New York City

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  • Collyer, Sophie
  • Gandhi, Jill
  • Garfinkel, Irwin
  • Ross, Schuyler
  • Waldfogel, Jane
  • Wimer, Christopher

Abstract

The temporary monthly Child Tax Credit implemented in 2021 had the potential to affect many aspects of child and family well-being, including poverty, hardship, use of food pantries, spending on child-related items, and parents’ mental health and employment. We assess these effects using data from two longitudinal studies of well-being in New York City. We find that the monthly CTC led to significant declines in the risk of facing material hardship, multiple hardships, running out of money, and using food pantries. We do not find evidence of significant changes in parents’ mental health, employment, or spending on childcare or enrichment activities.

Suggested Citation

  • Collyer, Sophie & Gandhi, Jill & Garfinkel, Irwin & Ross, Schuyler & Waldfogel, Jane & Wimer, Christopher, 2022. "The Effects of the 2021 Monthly Child Tax Credit on Child and Family Well-being: Evidence from New York City," SocArXiv rnmfv_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:rnmfv_v1
    DOI: 10.31219/osf.io/rnmfv_v1
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