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The impact of an aging population on state tax revenues

Author

Listed:
  • Alison Felix
  • Kate Watkins

Abstract

People tend to earn less and spend less when they retire. As the baby boom generation retires, the aging of the U.S. population will likely reduce state governments? revenue per capita from income taxes and sales taxes significantly.

Suggested Citation

  • Alison Felix & Kate Watkins, 2013. "The impact of an aging population on state tax revenues," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 3-4, December.
    • Handle: RePEc:fip:fedkmb:00005
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    File URL: http://www.kansascityfed.org/publicat/research/macrobulletins/mb13Felix-Watkins1205.pdf
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    Cited by:

    1. Prammer, Doris, 2019. "How does population ageing impact on personal income taxes and social security contributions?," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).

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