Tran, Chung - Center for Applied Economics and Policy Research … - 2008
In this paper, I analyze the crowding-out effects of public transfers on labor supply of the elderly in the context of … the opportunity cost of retirement and, therefore, magnify the crowding-out effects of public transfers on the labor … crowding-out effect is about two times larger when accounting for the endogeneity of private transfers, which is caused by the …