[ryankupyn]

I'm struck by how significantly the effect varies between states - according to table 2, 25% of the transfers (around $1.55 billion) are accounted for by Connecticut and Delaware alone (which collectively are around 2% of the US population).

Does anyone know why the effect is so strong in these states? In the notes the authors say that Delaware is one of the states with unusually strong protections - so I'd expect transfers would actually be unusually low in that case!