Work

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

Year: 1999

Type: article

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.

Source: Review of Regional Studies

DOI: 10.52324/001c.8832

Authors: Martin Shields, Judith I. Stallmann, Steven C. Deller

Institutions: University of Wisconsin–Madison, Texas A&M University, Pennsylvania State University

Language: English

Topic: Migration, Aging, and Tourism Studies

Subfield: Demography

Field: Social Sciences

Domain: Social Sciences

SDG: No poverty

Open Access status: hybrid

OpenAlex ID: W1481296818