In addition, recent ground-breaking research suggests the income from these tax credits leads to benefits at virtually every stage of life. For instance, research indicates that children in families receiving the tax credits do better in school, are likelier to attend college, and can be expected to earn more as adults. Numerous studies show that working-family tax credits boost work effort.
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Growth in a Time of Debt Carmen M. Reinhart, Kenneth S. Rogoff. NBER Working Paper No. Issued in January , Revised in December NBER Program(s):International Finance and Macroeconomics, Monetary Economics We study economic growth and inflation at different levels of government and external debt.
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