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Download full textGarfinkel, Irwin; Masters, Stanley – 1974
While static economic theory predicts that most income transfer programs will lead to reductions in the labor supply of program beneficiaries, the theory has nothing to say about the magnitude of such reductions. In order to predict the magnitude of such reductions, the labor supply schedule of potential beneficiaries must be known. In previous…
Descriptors: Age Differences, Economic Research, Employment Patterns, Guaranteed Income
Garfinkel, Irwin; Masters, Stanley – 1974
While static economic theory predicts that most income transfer programs will lead to reductions in the labor supply of program beneficiaries, the theory has nothing to say about the magnitude of such reductions. In order to predict the magnitude of such reductions the labor supply schedule of potential beneficiaries must be known. In three…
Descriptors: Age Differences, Cost Estimates, Demography, Economic Research
