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Place characteristics and residential location choice among the retirement-age population
Author(s)William Duncombe, Mark Robbins, Douglas A Wolf
Journal titleJournals of Gerontology: Series B, Psychological Sciences and Social Sciences, vol 58B, no 4, July 2003
Pagespp S244-S242
Sourcehttp://www.geron.org
KeywordsMigration ; House removal ; Consumer choice ; Social surveys ; United States of America.
AnnotationThe association between location-specific factors and the propensity of people of retirement age to remain in place or to relocate is investigated. In particular, the authors investigate whether state and local factors influence migration decisions, and the relative importance of fiscal and other factors in such decisions. The authors use a discrete-choice framework in which individuals choose from a large (3,068) set of potential locations, whereby an individual's chances of moving to any particular location depend on the characteristics of all the locations (based on data for the period 1985-1990). The authors find that levels of tax burden and public services can affect location decisions. Of the fiscal variables, income taxes have the largest relative effects. However, other factors, including climate, economic conditions and population characteristics appear to play much larger roles in migration and location decisions. A more cost-effective strategy may be for states to focus on marketing their amenities, rather than using fiscal policy to recruit retired new residents. (RH).
Accession NumberCPA-040406216 A
ClassmarkTN: TNH: WYC: 3F: 7T

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