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Population increase

kashyapav

September 08, 2011 23:21

Hello, I am interested in finding the long term impacts of construction activity in an area. We know that the construction activity could potentially lead to population increase in the area of interest. If we know the approx. population/household increase number in the area and the median household income. Can we model the economic impacts of the population increase using the Household Income Activity type? Please advice. Thank you,

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jenny
September 08, 2011 23:40

Yes, this is a reasonable approach. The Event Year needs to be set to whatever year your median income estimate represents. For instance, if you are basing the new households' income level on today's (i.e., 2011) median income, you will want to set the Event Year to 2011, even though the households aren't expected to arrive until later. If you have already inflated your median income estimate to whichever year you expect the households to arrive, then set the Event Year to that same future year.

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