In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...

In all societies intergenerational transfers are large and have an important influence on inequality and growth. The development of each generation of youth depends on the resources that it receives from productive members of society for health, education, and sustenance. The well-being of the...

Summary To fill the gap of crowding-out literature in Asia, this study analyzes the crowding-out impact of Taiwan's public old-age allowances on familial transfers to poor parents. Using government data during 1990-2003, we estimate that 1$ of public transfers displaces 30-50 cents of...