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Decomposing an Economic Impact into Its Local and Spillover Effects

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Abstract

An analysis of cost-of-living increases for Social Security shows a strong direct effect on income within a state where the recipient lives but little evidence of a spillover effect in other states.

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  • Bill Dupor, 2023. "Decomposing an Economic Impact into Its Local and Spillover Effects," On the Economy 96585, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:l00001:96585
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    Keywords

    Social Security; cost-of-living adjustment;

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