Nonmetro Areas Depend on Transfers

Robert A. Hoppe and Linda M. Ghelfi

Rural America/ Rural Development Perspectives, 1990, vol. 06, issue 2

Abstract: Transfer payments, such as Social Security, are a large and growing source of income in nonmetro areas. From 1969 to 1987, transfers grew from 11.6 to 18.7 percent of nonmetro income. Such transfers have a stabilizing effect on rural economies. Recipients continue to receive income from the programs, even when employment and earnings fall during recessions. On the other hand, dependence on transfer income means the local economy can be affected by changes in programs that provide the payments.

Keywords: Community/Rural/Urban Development; Financial Economics (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersra:310839

DOI: 10.22004/ag.econ.310839

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