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Spatial Variability of Economic Impacts: Examining a Hypothetical Retiree In-migration Policy

Author

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  • Das, Biswa R.
  • Rainey, Daniel V.
  • Miller, Wayne P.

Abstract

This 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.

Suggested Citation

  • Das, Biswa R. & Rainey, Daniel V. & Miller, Wayne P., 2009. "Spatial Variability of Economic Impacts: Examining a Hypothetical Retiree In-migration Policy," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 39(1), pages 1-14.
    • Handle: RePEc:ags:jrapmc:132423
    DOI: 10.22004/ag.econ.132423
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    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.
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