The Canada Child Benefit (CCB) has reduced poverty across the country. According to research conducted by a team based at the Department of Economics, University of Toronto, the CCB reduced poverty in 11% of families headed by singles mother and almost 17% in two-parent families.
The research, conducted by Professor of Economics Michael Baker, former department member Derek Messacar (now with the Department of Economics at Memorial University), and Mark Stabile, an alumnus of the UofT undergraduate program and a former UTM and Rotman faculty member, won the Douglas Purvis Memorial Prize at the annual meeting of the Canadian Economics Association May 30th to June 1st 2024. Each year, the prize goes to the authors of a highly significant, written contribution to Canadian economic policy. The award-winning paper, Effects of Child Tax Benefits on Poverty and Labor Supply: Evidence from the Canada Child Benefit and Universal Child Care Benefit, appeared in the Journal of Labor Economics (Volume 41, Number 3, October 2023). [Read more…]