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Focusing only on those receiving UI, he also concludes that government transfers "crowd out" about 30 percent of private transfers.27 Virtually every study of sensitive intergenerational transfers treats income as exogenous, but there is sensitive evidence that transfers may also affect labor supply. Read the entire page > >From page 134...... Second, although the bulk of research sensitive has focused on aggregate issues, there are important unexplored issues in heterogeneity. Third, inter vivos transfers are quantitatively more important than bequests and are more prevalent across all parts of the income distribution. Read the entire page > >From page 135...... And last, but not least, recent research on cross-national comparisons of the aged indicates that the United States is at one extreme or another—both good (the highest income and wealth, younger aged couples) and bad (poor older women living alone) Read the entire page > >From page 136......
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