Mobility Behavior of the Elderly

8 Pages Posted: 22 Feb 2010

See all articles by Philip E. Graves

Philip E. Graves

University of Colorado at Boulder - Department of Economics

Thomas Andrew Knapp

Pennsylvania State University

Date Written: 1988

Abstract

Mobility patterns of the elderly provide a particularly interesting theoretical sub-case of a more general migration model which interacts individual-specific traits (e.g., health and retirement status) and location-specific traits (e.g., amenities, rents, and wages). The spatially invariant incomes (pensions, dividends, etc.) of the retired are shown to lead to migration toward areas where the wage and rent compensation for amenities (necessary for spatial equilibrium) occurs primarily in the labor market, rather than in the land market. Empirical evidence appears to be consistent with theoretical expectations; more investigation, however, is clearly desirable.

Keywords: Mobility, elderly, migration, amenities, multi-market amenity capitalization, hedonics, retirement

Suggested Citation

Graves, Philip E. and Knapp, Thomas Andrew, Mobility Behavior of the Elderly (1988). Journal of Urban Economics, Vol. 24, pp. 1-8, 1988, Available at SSRN: https://ssrn.com/abstract=1556827

Philip E. Graves (Contact Author)

University of Colorado at Boulder - Department of Economics ( email )

Campus Box 256
Boulder, CO 80309-0256
United States

Thomas Andrew Knapp

Pennsylvania State University ( email )

University Park
State College, PA 16802
United States

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