Gay marriage boosts NYC's enomy by $259 ln first year - Jul. 24, 2012

Contents:

• THE ENOMIC BENEFS OF GAY MARRIAGE
• SAME-SEX WEDDGS HAVE BOOSTED ENOMI BY $3.8 BILLN SCE GAY MARRIAGE WAS LEGALIZED FIVE YEARS AGO THIS MONTH, A NEW STUDY SAYS
• GAY MARRIAGE BOOSTS NYC'S ENOMY BY $259 LN FIRST YEAR
• GAY MARRIAGE ENOMIC IMPACT: AFTER SUPREME COURT RULG, WEDDG INDTRY EXPECTED TO EMBRACE LGBT COUPL
• MARRIAGE EQUALY BOOSTED EMPLOYMENT OF BOTH PARTNERS US GAY AND LBIAN UPL
• GAY MARRIAGE IS GOOD FOR AMERI
• GAY MARRIAGE

THE ENOMIC BENEFS OF GAY MARRIAGE

However, more than a of rearch by myself and other enomists and analysis by the Congrsnal Budget Office unr the directn of Douglas Holtz-Eak suggts jt the oppose: that state and feral budgets will actually get a posive boost if gay upl are allowed to marry. And here’s somethg the ernment might nsir reckong the bottom le wh regard to legalizg gay marriage: Hundreds of thoands of exced upl would start planng weddgs, generatg at least $1.

Big rporatns want same-sex upl to be allowed to marry bee they believe gay marriage is good for bs.

SAME-SEX WEDDGS HAVE BOOSTED ENOMI BY $3.8 BILLN SCE GAY MARRIAGE WAS LEGALIZED FIVE YEARS AGO THIS MONTH, A NEW STUDY SAYS

Those employers argued that they want to rec and reta the most creative and productive workers to make their bs petive, and that clus lbian, gay, bisexual, and transgenr (LGBT) workers. A gay man who liv Massachetts wh his hband might not want to transfer to an office Oh where his marriage isn’t regnized.

The enomic ripple effects of gay marriage n spread even further. Some observers, most notably petivens gu Richard Florida, argue that tolerant polici and environments — cludg for gay people — are sential for nurturg creative workers who will drive enomic growth.

She was an expert wns the Proposn 8 trial and is the thor of “When Gay People Get Married: What Happens When Societi Legalize Same-sex Marriage? There go the metro: How and why bohemians, artists and gays affect regnal hog valu.

GAY MARRIAGE BOOSTS NYC'S ENOMY BY $259 LN FIRST YEAR

Same-sex weddgs have been a boon for the weddg dtry sce gay marriage was legalized 2015 – and the years sce, ’s boosted state and lol enomi by $3. Convergg l of evince also suggt that sexual orientatn stigma and discrimatn are at least associated wh creased psychologil distrs and a generally creased qualy of life among lbians and gay men. A US study that surveyed more than 36, 000 people aged 18-70 found lbian, gay and bisexual dividuals were far ls psychologilly distrsed if they were a legally regnised same-sex marriage than if they were not.

So, would seem that beg a legally regnised same-sex marriage n at least partly overe the substantial health dispary between heterosexual and lbian, gay, and bisexual persons. A review of the rearch examg the impact of marriage nial on the health and wellbeg of gay men and lbians nced that marriage equaly is a profoundly plex and nuanced issue.

But, argued that privg lbians and gay men the tangible (and tangible) benefs of marriage is not only an act of discrimatn – also:.

GAY MARRIAGE ENOMIC IMPACT: AFTER SUPREME COURT RULG, WEDDG INDTRY EXPECTED TO EMBRACE LGBT COUPL

Of further ncern is rearch fdg that parison to lbian, gay and bisexual rponnts livg areas where gay marriage was allowed, livg areas where was banned was associated wh signifintly higher rat of:. Not a sgle study has found children of lbian or gay parents to be disadvantaged any signifint rpect relative to children of heterosexual parents.

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Gay marriage boosted New York Cy's enomy by $259 ln durg the first year gay marriage was YORK (CNNMoney) -- Gay marriage is generatg lns of dollars for New York Cy's gay marriage was legalized New York state a year ago, marriage license fe, lol celebratns and weddg-related purchas have boosted New York Cy's enomy by $259 ln, Mayor Michael Bloomberg and Cy Council Speaker Christe Qun announced Tuday. Same-sex upl spent an average $9, 039 on their weddgs, while 31% spent $10, 000 or more -- though that's still not as high as the $27, 021 that the average uple spends on a weddg, acrdg to a natnal survey of gay and straight newlyweds om More than 200, 000 guts flocked to New York Cy om other parts of the state or untry to partake the celebratns. Of the 646, 464 same-sex upl the Uned Stat, more than 140, 000 have formalized their relatnship unr state law and about 50, 000 have married, acrdg to the Williams Instute for Sexual Orientatn Law and Public Policy at York beme the sixth state to legalize gay marriage when passed the Marriage Equaly Act on July 24, 2011.

MARRIAGE EQUALY BOOSTED EMPLOYMENT OF BOTH PARTNERS US GAY AND LBIAN UPL

And isn't the only place to feel the enomic impact of gay marriage. So Massachetts, a study showed that gay men at a health clic had fewer healthre viss and lower healthre sts after gay marriage was legalized. And a very recent study California that I was a -thor of shows that marriage and domtic partnership are associated wh lower psychologil distrs for lbian, gay and bisexual people.

But the other thg is that if you thk about 325, 000 same-sex upl total gettg – wantg to get married over the first few years, as we timate, and if you – even if you took all of the same-sex upl, for that matter, and spread them out over the lns of bs the Uned Stat, most bs would not see any new same-sex upl or any new spo of a gay or lbian employee who would need to sign up for benefs.

GAY MARRIAGE IS GOOD FOR AMERI

Here Massachetts, for example, the – there are groups who put out weddg guis for gay upl who want to get married, and there are advertisements om big hotels, advertisg their servic. I had – let’s see, I believe ’s Bloomgdale’s New York has been nng ads The New York Tim even, kd of celebratg gay pri and notg their support for gay marriage.

There are lots of ads gay and lbian magaz and newspapers of people offerg servic as a weddg planner. Some of those people e om the gay muny, but many s the are very mastream bs that are simply tryg to attract new bs. His iend was lendg him and other gay upl the outdoor venue for ee to celebrate gay marriage rights.

Sure, a treehoe chapel is untradnal, not air-ndned and might get hot, but Copas said was perfect the Supreme Court legalizg gay marriage across the untry a landmark cisn Friday, more gay upl are expected to walk down the aisle than ever before. The typil total st of a weddg is about $26, 000, and a surge of gay weddgs uld send hundreds of lns of dollars to lol bs and enomi the g months and years.

GAY MARRIAGE

For the 13 holdout stat that had refed to regnize gay marriage before the Supreme Court cisn, same-sex weddgs were expected to have an enomic impact of more than half a billn dollars the first three years, acrdg to a Williams Instute timate released Monday.

She said that gay and lbian upl often hear if a vendor – like a venue, florist or baker – will provi servic to LGBT ceremoni.

”A majory of Amerins, 57 percent, now favor allowg gay and lbian people to marry, acrdg to a June poll by Pew. The list of vendors on GayWeddgs has grown 140 percent to 120, 000 the past two years, Hamm, the midst of planng for his Tennsee weddg, said he asked around refully to fd a venue to host a receptn Nashville followg the ceremony.