Among recipients of the expanded Child Tax Credit, 50.9% of spending went towards food, with another 35.9% going towards essential bills.
Marginal propensity to consume is 10 times larger for low income households than wealthy households.
Recipients of basic income in Kenya increased their spending relative to control groups by 13.5%.
General equilibrium effects of cash transfers: experimental evidence from Kenya
Estimating the Marginal Propensity to Consume Using the Distributions of Income, Consumption, and Wealth
Research Roundup of the Expanded Child Tax Credit: The First 6 Months
Jeffrey P. Thompson
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