Industrial Development and the Elderly: A Longitudinal Analysis

Abstract
The impact of industrial development in nonmetropolitan regions upon the economic status of the aged is analyzed via a natural field experiment with a “two group, before and after” design. Data from a 5-year study (1966-1971) of the construction of a large manufacturing facility in rural Illinois are compared to parallel data from a control region across the state. The findings suggest that industrial development accelerates the decline in the economic status of the elderly—especially retirees. These results augur ill for the financial well-being of the aged residents of the many small communities actively seeking large industry.

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