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Economic Impact of Retirement Migration

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  • Steven C. Deller

    (University of Wisconsin-Madison)

Abstract

The applied research reported in this article focuses on the economic impact of retirement migration on a small rural state. A hypothetical policy designed to increase the number of retirees entering the state of Maine is analyzed using the regional economic modeling system, Regional Economic Models, Inc. (REMI). By comparing the simulated impact of the policy to a baseline projection, implicit economic multipliers that can be used for future policy analysis are generated. Based on the REMI simulation, the impact of retirement migration on the regional economy can be substantial. Additional descriptive information suggests that the short-run impact of retirement migration is significant and warrants serious consideration.

Suggested Citation

  • Steven C. Deller, 1995. "Economic Impact of Retirement Migration," Economic Development Quarterly, , vol. 9(1), pages 25-38, February.
    • Handle: RePEc:sae:ecdequ:v:9:y:1995:i:1:p:25-38
    DOI: 10.1177/089124249500900103
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    References listed on IDEAS

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    1. George I. Treyz & Dan S. Rickman & Gang Shao, 1991. "The REMI Economic-Demographic Forecasting and Simulation Model," International Regional Science Review, , vol. 14(3), pages 221-253, December.
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    Cited by:

    1. Shaun A. Golding & Katherine J. Curtis, 2013. "Migration and rural development: resettlement, remittances and amenities," Chapters, in: Gary Paul Green (ed.), Handbook of Rural Development, chapter 6, pages i-ii, Edward Elgar Publishing.
    2. Sirio Cividino & Gianluca Egidi & Luca Salvati, 2020. "Unraveling the (Uneven) Linkage? A Reflection on Population Aging and Suburbanization in a Mediterranean Perspective," Sustainability, MDPI, vol. 12(11), pages 1-14, June.
    3. Shields, Martin & Deller, Steven C. & Stallmann, Judith I., 2001. "Comparing the Impacts of Retiree versus Working-Age Families on a Small Rural Region: An Application of the Wisconsin Economic Impact Modeling System," Agricultural and Resource Economics Review, Cambridge University Press, vol. 30(1), pages 20-31, April.
    4. Poudyal, Neelam C. & Hodges, Donald G. & Cordell, H. Ken, 2008. "The role of natural resource amenities in attracting retirees: Implications for economic growth policy," Ecological Economics, Elsevier, vol. 68(1-2), pages 240-248, December.
    5. Andrés Rodríguez-Pose & Tobias D. Ketterer, 2012. "Do Local Amenities Affect The Appeal Of Regions In Europe For Migrants?," Journal of Regional Science, Wiley Blackwell, vol. 52(4), pages 535-561, October.
    6. Alma Vega, 2015. "The Impact of Social Security on Return Migration Among Latin American Elderly in the US," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 34(3), pages 307-330, June.
    7. Belloc, Ignacio, 2022. "Emprendimiento en entornos rurales: Evidencia con la Encuesta Europea sobre Condiciones Laborales [Entrepreneurship in rural settings: Evidence from the European Working Conditions Survey]," MPRA Paper 111591, University Library of Munich, Germany.
    8. Martin Shields & Judith I. Stallmann & Steven C. Deller, 1999. "Simulating the Economic and Fiscal Impacts of High- and Low-Income Elderly on a Small Rural Region," The Review of Regional Studies, Southern Regional Science Association, vol. 29(2), pages 175-196, Fall.
    9. Vollet, Dominique & Roussel, Veronique & Callois, Jean-Marc, 2005. "Impact of Retirees on Rural Development: Some Observations from the South of France," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 35(2), pages 1-15.

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