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Simulating the Economic and Fiscal Impacts of High- and Low-Income Elderly on a Small Rural Region

Author

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  • Martin Shields

    (Pennsylvania State University)

  • Judith I. Stallmann

    (Texas A&M)

  • Steven C. Deller

    (University of Wisconsin-Madison)

Abstract

We assess the impact of an aging rural population using the Wisconsin Economic Impact Modeling System, a county-level conjoined input-output/ econometrics simulation model. Using data from the U.S. Bureau of Labor Statistics Consumer Expenditure Survey, we construct profiles of two household types to simulate the economic and fiscal impacts of 500 additional elderly households in a small rural economy. Household types vary by income levels and expenditure patterns. The results suggest that, from the perspective of local government officials, high-income elderly households will increase local expenditures more than a similar number of low-income retiree households, but the resulting increase in revenues will more than offset the increased expenditures.

Suggested Citation

  • 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.
    • Handle: RePEc:rre:publsh:v:29:y:1999:i:2:p:175-196
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    References listed on IDEAS

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    1. Siegel, Paul B. & Leuthold, Frank O. & Stallman, Judith I., 1995. "Planned Retirement/Recreation Communities Are Among Development Strategies Open to Amenity-Rich Rural Areas," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 10(2), February.
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    6. Siegel, Paul B. & Leuthold, Frank O., 1993. "Economic And Fiscal Impacts Of A Retirement/Recreation Community: A Study Of Tellico Village, Tennessee," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(2), pages 1-14, December.
    7. Mark Fagan & Charles F. Longino Jr., 1993. "Migrating Retirees: A Source for Economic Development," Economic Development Quarterly, , vol. 7(1), pages 98-106, February.
    8. P Coomes & D Olson & D Glennon, 1991. "The Interindustry Employment Demand Variable: An Extension of the I-SAMIS Technique for Linking Input—Output and Econometric Models," Environment and Planning A, , vol. 23(7), pages 1063-1068, July.
    9. Glasgow, Nina, 1985. "Newcomers from Cities Support Rural Growth and Development," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 1(2), February.
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    Cited by:

    1. Deller, Steven C. & Lledo, Victor, 2002. "Local Government Taxing, Spending and Economic Growth: New Evidence for Wisconsin," Staff Paper Series 447, University of Wisconsin, Agricultural and Applied Economics.
    2. Maureen Kilkenny, 2010. "Urban/Regional Economics And Rural Development," Journal of Regional Science, Wiley Blackwell, vol. 50(1), pages 449-470, February.
    3. Deller, Steven & Lledo, Victor, 2007. "Amenities and Rural Appalachia Economic Growth," Agricultural and Resource Economics Review, Cambridge University Press, vol. 36(1), pages 107-132, April.
    4. repec:rre:publsh:v:37:y:2007:i:2:p:251-78 is not listed on IDEAS
    5. 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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