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This study investigates the mental health consequences of the 2021 child tax credit (CTC) expansion, which temporarily provided unconditional and monthly cash support to most families with children in the United States. Using data from the Behavioral Risk Factor Surveillance System, we exploit differences in CTC benefit levels for households with younger versus older children. More generous CTC transfers are associated with a decrease in the number of bad mental health days reported by the parents. The effect materializes after the third monthly payment and disappears when the benefits are withdrawn. The CTC's improvement of mental health is larger for more credit\u2010constrained individuals, including low\u2010income households, women, and younger respondents.<\/jats:p>","DOI":"10.1002\/hec.4867","type":"journal-article","created":{"date-parts":[[2024,6,15]],"date-time":"2024-06-15T17:04:46Z","timestamp":1718471086000},"page":"2253-2287","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":15,"title":["The effects of an unconditional cash transfer on parents' mental health in the United States"],"prefix":"10.1002","volume":"33","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-2438-7038","authenticated-orcid":false,"given":"Clemente","family":"Pignatti","sequence":"first","affiliation":[{"name":"Bocconi University  Milan Italy"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Zachary","family":"Parolin","sequence":"additional","affiliation":[{"name":"Bocconi University  Milan Italy"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2024,6,15]]},"reference":[{"key":"e_1_2_11_2_1","doi-asserted-by":"publisher","DOI":"10.1177\/1091142109358626"},{"key":"e_1_2_11_3_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20140529"},{"key":"e_1_2_11_4_1","doi-asserted-by":"publisher","DOI":"10.1257\/app.2.1.86"},{"key":"e_1_2_11_5_1","unstructured":"Ananat E. Glasner B. Hamilton C. &Parolin Z.(2021).Effects of the expanded child tax credit on employment outcomes: Evidence from real\u2010world data. Poverty and Social Policy Brief 20414 Center on Poverty and Social Policy Columbia University.https:\/\/ideas.repec.org\/p\/aji\/briefs\/20414.html"},{"key":"e_1_2_11_6_1","doi-asserted-by":"publisher","DOI":"10.2105\/AJPH.87.10.1665"},{"key":"e_1_2_11_7_1","doi-asserted-by":"publisher","DOI":"10.1377\/hlthaff.2022.00733"},{"key":"e_1_2_11_8_1","unstructured":"Borusyak K. Jaravel X. &Spiess J.(2021).Revisiting event study designs: Robust and efficient estimation. 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