There are interesting regional patterns in the support systems. Familial transfers for old age are much more significant in many Asian economies than in the other economies in Figure 1.5. Familial transfers fund about 45 percent of the lifecycle deficit for the elderly in Taipei, China, 33 percent in Thailand, and slightly under 20 percent in the PRC and the Republic of Korea. Compared with European and Latin American countries, the public sector is generally less important to the elderly in Asia. In the Philippines and Thailand, net public transfers are zero, that is, the elderly are paying as much in taxes as they are receiving in benefits. In Indonesia, the elderly pay somewhat more in taxes than they receive in benefits. In