Journal Article
The impact of an aging U.S. population on state tax revenues
Felix, Alison; Watkins, Kate (2013-10)
As the baby boom generation retires, the nation?s labor force participation rate is expected to decline. And since most people earn less and spend less during retirement, the aging of the U.S. population will likely reduce income and sales tax revenue per capita for state governments. Felix and Watkins draw from data on different age groups? earning and spending patterns to assess how projected changes in the age distribution across the American population are likely to affect earning and spending?and therefore state revenue from income taxes and sales taxes. They find that demographic change ...
Economic Review , Issue Q IV , Pages 95-127

Journal Article
The impact of an aging population on state tax revenues
Felix, Alison; Watkins, Kate (2013-12)
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.
Macro Bulletin