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Attracting Retirees as an Economic Development Strategy: Looking into the Future

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  • Judith I. Stallmann
  • Paul B. Siegel

Abstract

Attracting retirees has been promoted as an economic development strategy for rural communities. Implicit in efforts to attract retirees is the assumption that retirees will continue to migrate at the same rate, bringing with them relatively high incomes and relatively low demands for services. Using currently available information, this article examines this assumption, and provides a less rosy picture, by analyzing how changes in demographics, income, wealth, and living preferences result in future retirement decisions that differ from the current pattern. This study should provide additional guidance and caution to planners and policy makers contemplating retiree recruitment as a rural development strategy, as well as directions for further research.

Suggested Citation

  • Judith I. Stallmann & Paul B. Siegel, 1995. "Attracting Retirees as an Economic Development Strategy: Looking into the Future," Economic Development Quarterly, , vol. 9(4), pages 372-382, November.
    • Handle: RePEc:sae:ecdequ:v:9:y:1995:i:4:p:372-382
    DOI: 10.1177/089124249500900409
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    Cited by:

    1. Stuart A. Gabriel & Stuart S. Rosenthal, 2004. "Quality of the Business Environment Versus Quality of Life: Do Firms and Households Like the Same Cities?," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 438-444, February.
    2. Moser, Colletta H. & Woodard, Doug & Wessen, Paul D., 1999. "Fra/Ere Project I-75 Retirement Conference And Focus Groups: Rationale And Status Report," Staff Paper Series 11695, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    3. Moser, Colletta H. & Wessen, Paul D., 2000. "Rural Retirees In Michigan: Issues And Opportunities - Findings From Focus Group Meetings," Staff Paper Series 11659, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Poudyal, Neelam C. & Hodges, Donald G. & Cordell, H. Ken, 2008. "The role of natural resource amenities in attracting retirees: Implications for economic growth policy," Ecological Economics, Elsevier, vol. 68(1-2), pages 240-248, December.
    5. Martin Shields & Judith I. Stallmann & Steven C. Deller, 1999. "Simulating the Economic and Fiscal Impacts of High- and Low-Income Elderly on a Small Rural Region," The Review of Regional Studies, Southern Regional Science Association, vol. 29(2), pages 175-196, Fall.

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