The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - Reduces Poverty and Generally Encourages Work. The EITC reduces poverty by increasing the after-tax income of low-income individuals and families. In addition, because the amount of the credit initially rises with earnings —which increases the value of additional work —it also has been shown to encourage work, particularly among low-wage and low-skilled single parents.
https://lao.ca.gov/Publications/Report/3826

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - and Figures 1 and 2 in the post How Long Do People Stay in Low-Wage Work? For these figures, we define low-wage workers as employees who made up to $17.50 per hour at their main job in 2023. Estimate Probit Regressions.
https://lao.ca.gov/Publications/Report/4878/4

The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion

May 14, 2018 - The administration proposes to expand the state EITC to working individuals without children who are between the ages of 18 and 25, as well as to those over age 65. In addition, the administration proposes to increase the income level at which the credit phases out completely to $24,960 (the earnings of one person working fulltime at the 2019
https://lao.ca.gov/Publications/Report/3835

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Earned Income Tax Credit Expands Eligibility for California Earned Income Tax Credit (EITC). The California EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4270

Income Mobility in California Across Generations

Jan 4, 2017 - In particular, the reader should not place too much confidence in any single estimate of the place–specific measure of mobility, particularly for small and rural counties. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/3518

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Differences in Weekly Hours Amplify Earnings Inequality. Figure  5 shows that mid-to-high-wage workers are much more likely to work full-time than low-wage workers. As a result, the gap between these groups ’ weekly earnings is wider than the gap between their hourly wages.
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - “Gender Wage Gap Widens Even As Low-Wage Workers See Strong Gains. ” Working Economics Blog, Economic Policy Institute. Wiltshire, Justin, Carl McPherson, and Michael Reich (2023). “Minimum Wage Effects and Monopsony Explanations. ” Washington Center for Equitable Growth Working Paper Series.
https://lao.ca.gov/Publications/Report/4878/3

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - The proposal would n ot create a similar work incentive for individuals with similar earnings and either no dependents or multiple dependents (none of whom are under the age of six). Proposal Would Slightly Reduce Disincentive for Full ‑Time Work.
https://lao.ca.gov/Publications/Report/3960

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Much Lower Mobility After Age 32. Strikingly, net mobility out of low-wage work seems to stop abruptly when workers are in their early 30s. Between the ages of 32 and 40, the estimated rate of low-wage work declines so slowly that it is nearly flat.
https://lao.ca.gov/Publications/Report/4878/2

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - ABLE accounts are tax-advantaged savings accounts that allow the families of individuals with disabilities to save money for their future care. Contributions to ABLE accounts are not tax deductible but the earnings are excluded from income for state and federal tax purposes.
https://lao.ca.gov/Publications/Report/4100