The EITC Versus Wage Subsidies

Don't let your eyes glaze over - it's one of the most interesting anti-poverty debates, I swear. Megan digs in to the difficulties with the EITC here, while Matt makes the liberal case for a much more generous, much less strictly-policed EITC here. The smartest case for wage subsidies can be found here or here, from the recent Nobel winner Edmund Phelps. (I should note that Reihan and I will make a somewhat-less-brilliant case for wage subsidies in our forthcoming book.)