Spatial Variability of Economic Impacts: Examining a Hypothetical Retiree In-migration Policy
AbstractThis study estimates the economic impacts of a hypothetical retiree in-migration scena-rio involving elderly households and examines the effect of aggregation of study regions in an input-output framework on their regional purchase coefficients, and multipliers. Using migra-tion estimates to three Arkansas counties based on income types, it was observed that the more affluent retirees tend to relocate to counties with more amenities and a higher standard of living. Findings suggest that the economically large counties with diversified industry have greater economic impacts not just as a result of higher retiree spending owing to in-migration of high-income retirees, but also due to more opportunities to purchase goods and services from local establishments, leading to higher output, employment and value-added multip-liers. Further, it was observed that the aggregation of study regions in an input-output framework results in significant variation in economic impact results compared to the non-aggregated stand-alone models.
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Bibliographic InfoArticle provided by Mid-Continent Regional Science Association in its journal Journal of Regional Analysis and Policy.
Volume (Year): 39 (2009)
Issue (Month): 1 ()
Research Methods/ Statistical Methods;
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- Whitener, Leslie A. & McGranahan, David A., 2003. "Rural America Opportunities and Challenges," Amber Waves, United States Department of Agriculture, Economic Research Service, February.
- Karen Smith Conway & Andrew J. Houtenville, 2003. "Out with the Old, In with the Old: A Closer Look at Younger Versus Older Elderly Migration," Social Science Quarterly, Southwestern Social Science Association, vol. 84(2), pages 309-328.
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