UCLA Study Assesses Economic Impact of Gay Marriage

Poor Michael Steele just can't catch a break. A day after declaring that gay marriage was bad for the economy, the Boston Globe publishes the findings of a UCLA study (pdf.) on the economic impact of gay marriage in California based on projections from the impact heretofore in Massachusetts. The UCLA study found that the over 12,000 same-sex marriages performed in Massachusetts since 2004 have pumped over $111 million into the state's economy.

The report from the Williams Institute at the UCLA School of Law says a typical same-sex couple spent about $7,400 on their wedding, with one in ten couples spending over $20,000.

A second study by the same group found that young, highly educated people in same-sex relationships were 2.5 times more likely to move to Massachusetts after 2004 than before gay marriage became legal.

The UCLA study by Professors Brad Sears and M.V. Badgett of the Williams Institute also found that spending  "by resident same-sex couples on their weddings, and by out-of-state couples on tourism and their weddings, will boost California's economy by over $683.6 million in direct spending over the next three years." Furthermore, the direct spending by resident and out-of-state same-sex couples is enough to create and sustain over 2,178 new jobs in California. And their conservative estimate is that gay marriage will generate over $55.1 million in state and local sales tax revenues and transient occupancy tax revenues.

Still I hope it will yet dawn on Michael Steele that gay marriage isn't about any economic impact but about the pursuit of happiness.

Tags: Economic Impact of Gay Marriage. Michael Steele (all tags)

Comments

6 Comments

Social structure and its cost

The more ironic element of the present GOP's stance as typified Steele is that they calling on a segment of Americans to pay higher taxes they should have to pay per year due to the fact that segment is in a gay relationship. Conservative estimates of the number of extra taxes gays pay for their relationship is in the billions per year. You are right this is about equality and happiness, but on the most basic level, it's also about economic reality. How does these sort of economic realities hurt gays? For example, the idea that gays make more money in terms of income is also false as a result of discrimination related to being gay. How does this harm the relationships? I suppose that's the point. Make it as difficult as possible culturally, financially and through other means for gays to not be able to couple and have the social structures that conservatives claim support stability.

by bruh3 2009-05-17 05:19PM | 0 recs
Mr. Steele, Economic Guru

Despite the diary pointing out the obvious benefit of same-sex couples emigrating to MA, Mr. Steele seems to think that all those couples moving to MA will just pull the economy further down into the tank, what with whoever hires one of the two members being forced to subsidize his/her benefits as a married rather than single individual.

What would the marginal increase be on average - I say 2% to 5% (difference between employee contribution toward benefits for a married employee vs. benefits for a single employ), but that's just a guess.

I'm amazed how some Republicans worship unregulated free markets and their ability to solve any problem, right any economic ills, and overcome all obstacles... except a marginal tax increase (or benefit subsidy increase) of a few percentage points, which will drag the whole system into the toilet.

But as the diarist indicated, this isn't about the economy. This seems to me such a blatant violation of the Constitution's 'equal protection' provision that it would be laughable if it weren't so depressing.

Maybe we should let employers enslave some proportion of the populace. Constitution be damned, the reduced cost for employers would really give the economy a shot in the arm!

by RecoveringRepublican 2009-05-17 06:43PM | 0 recs
Re: UCLA Study Assesses Economic Impact

There are lovely reasons to favor gay marriage - I certainly do - but these "studies" of economic impact are a bit much; turns ou... people spend money on weddings! Who knew? It's cute... but as "economics"... I think it's a bit silly. And so is Steele.

I wish we could win these things based on rational, statistical ype proofs... but gay marriage, like other gay issues, really wins when it plays to emotions. Gay people should be able to marry not because he economy will skyrocket... but because they are loving, caring people whose lives and traditions fit comfortably with the rest of the world. It's too earnest, and too dry, to rely on stats.

by nycweboy1 2009-05-17 07:04PM | 0 recs
Re: UCLA Study Assesses Economic Impact

he was responding something someone said that was inaccurate. we should cede noting. whether historic, emotional, economic, moral or political.

by bruh3 2009-05-17 07:07PM | 0 recs
Re: UCLA Study Assesses Economic Impact

The people who believe Michael Steele are not concerned about "negative economic fallout" from gay marriage - they're people with religious, cultural, and social biases against homosexuality. You can "prove" that Steele's "economic" argument is wrong on its face... that won't really change a thing. I'd rather challenge Steele - who I suspect is nowhere near the bigot the conservatives he panders to are - to explain what's wrong with homosexuality or with two people loving each other honoring and respecting a commitment. Like many coastal Republicans, Steele tends to wilt when it's pointed out that the logical conclusion of an antigay marriage stance is simply fear and hatred of gay people.  The fact that people spend large - even absurd - amounts of money on weddings is quite beside the point.

by nycweboy1 2009-05-18 06:08AM | 0 recs
Same-Sex Marriage Economic Distraction

You're right of course, but I think the point of the diary (and the comment I made above) was to highlight the absurdity of the argument Steele made in the first place.

It was one of those arguments hastily assembled that attempt to avoid arousing passions about a sensitive moral and cultural issue by attacking it from some pragmatic and relatively amoral angle.

It was worth demonstrating that this argument was crap so we could move on to tackling the issue and its sensitivity directly, minimizing the number of red herrings that will be thrown at supporters of same-sex marriage

That's my take anyway.  

by RecoveringRepublican 2009-05-18 06:40AM | 0 recs

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