Casino gaming and local employment trends
AbstractCasino gambling has become a major industry in the United States. Economic development, especially through increases in employment, is the primary justification for casino development in a local area. This article estimates the employment effects of casino gambling for six counties in the Midwest and southern United States using ARIMA forecasting models. The results suggest that rural counties that adopt casino gambling as a major industry experience significant gains in payroll and household employment. The effects are less pronounced in urban counties, partly due to the higher volatility of their employment data relative to those of rural counties.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Review.
Volume (Year): (2004)
Issue (Month): Jan ()
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- Humphreys, Brad & Marchand, Joseph, 2012.
"New Casinos and Local Labor Markets: Evidence from Canada,"
2012-16, University of Alberta, Department of Economics, revised 01 Nov 2012.
- Humphreys, Brad R. & Marchand, Joseph, 2013. "New casinos and local labor markets: Evidence from Canada," Labour Economics, Elsevier, vol. 24(C), pages 151-160.
- Juin-Jen Chang & Ching-Chong Lai & Ping Wang, 2004. "On the Public Economics of Casino Gambling," IEAS Working Paper : academic research 04-A005, Institute of Economics, Academia Sinica, Taipei, Taiwan.
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