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Decomposing an Economic Impact into Its Local and Spillover Effects
Abstract: An analysis of cost-of-living increases for Social Security shows a strong direct effect on income within a state where the recipient lives but little evidence of a spillover effect in other states.
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https://www.stlouisfed.org/on-the-economy/2023/aug/decomposing-economic-impact-local-spillover-effects
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2023-08-17