Local Fiscal Policy and Retiree Migration: Evidence from the Health and Retirement Study

Purvi Sevak and Martin Farnham

No 02/7, Economics Working Paper Archive at Hunter College from Hunter College Department of Economics

Abstract: We use the 1992 to 2000 waves of HRS and town-level fiscal data from the Census of Governments, to examine whether moves by households near retirement age are motivated by local fiscal policy. The data show some evidence that movers lower their fiscal burden. Households that move across states the first time after their children have reached adulthood reduce their property tax liability by an average of $115. However, there is a great deal of heterogeneity across different types of movers. It is clear that while fiscal policy may factor into the move decision, it is just one of many variables upon which location choice by retirees is based.

Keywords: Local; Public; Finance (search for similar items in EconPapers)
Date: 2002
New Economics Papers: this item is included in nep-hea and nep-ure
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