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The impact of an aging population on state tax revenues

Author

Listed:
  • Alison Felix
  • Kate Watkins

Abstract

People tend to earn less and spend less when they retire. As the baby boom generation retires, the aging of the U.S. population will likely reduce state governments? revenue per capita from income taxes and sales taxes significantly.

Suggested Citation

  • Alison Felix & Kate Watkins, 2013. "The impact of an aging population on state tax revenues," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 3-4, December.
    • Handle: RePEc:fip:fedkmb:00005
    as

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    File URL: http://www.kansascityfed.org/publicat/research/macrobulletins/mb13Felix-Watkins1205.pdf
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    References listed on IDEAS

    as
    1. Congressional Budget Office, 2013. "Rising Demand for Long-Term Services and Supports for Elderly People," Reports 44363, Congressional Budget Office.
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    Cited by:

    1. Cylus, Jonathan & Williams, Gemma & Carrino, Ludovico & Roubal, Tomas & Barber, Sarah, 2022. "Population ageing and health financing: A method for forecasting two sides of the same coin," Health Policy, Elsevier, vol. 126(12), pages 1226-1232.
    2. Butler, Alexander W. & Yi, Hanyi, 2022. "Aging and public financing costs: Evidence from U.S. municipal bond markets," Journal of Public Economics, Elsevier, vol. 211(C).
    3. Prammer, Doris, 2019. "How does population ageing impact on personal income taxes and social security contributions?," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).
    4. Alena Andrejovska & Veronika Pulikova, 2018. "Tax Revenues in the Context of Economic Determinants," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(1), pages 133-141.

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