Extending marriage to same-sex couples in Missouri would generate an estimated $36.3 million in spending to the state economy, according to a new study authored by The Williams Institute’s Distinguished Scholar, M.V. Lee Badgett; Williams Gleason Kettel Summer Fellow, Justin M. O’Neill; and Williams Senior Counsel, Christy Mallory.
“This study confirms that all Missourians benefit from marriage for same-sex couples, not just the LGBT community,” said Badgett.
According to the 2010 U.S. Census, the most recent data available, 10,557 same-sex couples live in Missouri. Of those couples, the Institute estimates that 50 percent (5,279 couples) would choose to marry in the first three years, a pattern that has been observed in Massachusetts and elsewhere. Over 3,379 marriages would occur in the first year alone, and bring over $23 million in revenue to the state of Missouri that year.
Key findings include:
Analyses are informed by the methodology that the Williams Institute has used in previous studies of the economic impact of marriage in a number of other states. State-level data, 2010 Census data, and American Community Survey data were all used to estimate the economic impact of extending marriage to same-sex couples in Missouri. Estimates do not take into account the impact of same-sex couples from other states who will travel to Missouri to marry.
“Study after study has demonstrated that, in addition to significant revenue, marriage for same-sex couples also creates new jobs,” noted Mallory.
The full study is available here.
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The post Extending Marriage To Same-Sex Couples In Missouri Could Generate $36 Million appeared first on The Next Family.
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