Impact of Retirement Populations on Local Jobs and Wages
Prior research has suggested that attracting retirement communities to local areas results in job and wage growth. This article examines whether significant growth in local retirement-age populations has led to such job and wage growth. The results suggest that general retirement population growth does create job growth. However, the average wage growth results are mixed. Understanding these economic implications of attracting retirees is necessary for communities to determine how to manage the benefits yet control for the costs of increases in retirement populations.
Volume (Year): 24 (2010)
Issue (Month): 2 (May)
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