UH_EIPCRD_A1 is a 5-digit numeric variable with values ranging from 0-99,999 dollars.

Description

Total Economic Impact Payments last year, 2021-2023

In 2020, Congress acted to provide direct payments - called Economic Impact Payments - in an attempt to mitigate the economic crisis precipitated by the COVID-19 pandemic.

The CARES Act, enacted in March of 2020, provided for up to $1,200 per eligible adult and $500 for qualifying children under age 17. Individuals with an adjusted gross income over $75,000 and married couples with an adjusted gross income over $150,000 recieved reduced payments.

The COVID-related Tax Relief Act of 2020, enacted in December, provided for up to $600 per eligible adult and for each qualifying child under age 17. Individuals with an adjusted gross income over $75,000 and married couples with an adjusted gross income over $150,000 recieved reduced payments.

In the 2021 ASEC, respondents were asked who in their household recieved Economic Impact Payments and in what amount. UH_EIPCRD_A1 is the total amount of Economic Impact Payments recieved by a CPS respondent during the previous year. Users should note that there was a high level of non-response to these questions. Bee et al. present several models for imputing Economic Impact Payments in the CPS ASEC and compare these to IRS benchmarks and to reported survey estimates.

Comparability

UH_EIPCRD_A1 is comparable across all available years.

Universe

Flags

Harmonized