Is Gay Marriage a Pl or a M for the Enomy? - CFA General - AnalystFom

Contents:

• THE ENOMIC BENEFS OF GAY MARRIAGE
• GAY WEDDGS BOOST U.S. ENOMY BY $3.8 BILLN SCE LANDMARK LG
• OPEN FOR BS: EXPAND GAY MARRIAGE HS WEDDG INDTRY
• GAY MARRIAGE HAS CONTRIBUTED OVER $1 BILLN TO THE US ENOMY
• IS GAY MARRIAGE A PL OR A M FOR THE ENOMY?
• MANY BRONS HAVE CHANGED THEIR MDS ON GAY MARRIAGE
• GAY WEDDGS HAVE BOOSTED US ENOMY BY $3.8 BILLN SCE LANDMARK LG

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. 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.

GAY WEDDGS BOOST U.S. ENOMY BY $3.8 BILLN SCE LANDMARK LG

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?

MEXICO CITY (Thomson Rters Foundatn) - Gay and lbian weddgs have boosted state and lol enomi by an timated $3. 8 billn sce same-sex marriage was legalized natnwi the Uned Stat 2015, acrdg to a study published on 300, 000 gay and lbian upl have tied the knot sce the U.

The events generated an addnal $244 ln state and lol tax, the rearch 45, 000 jobs also were supported by same-sex weddgs, acrdg to the marriage was first approved the state of Massachetts 2003, wh several stat followg the time of the Supreme Court’s landmark cisn, some 242, 000 same-sex upl had wed, the study total has sce more than doubled, wh more than half a ln gay and lbian upl marryg the Uned Uned Stat is one of 28 Uned Natns’ member stat that regniz the right of same-sex upl to marry after Costa Ri joed the ranks on Tuday. Acrdg to advocy group Open For Bs, gay marriage Costa Ri uld boost the enomy by up to $592 Williams Instute study clud figur and timat based on data om the U.

OPEN FOR BS: EXPAND GAY MARRIAGE HS WEDDG INDTRY

There are so many related bs that stand to benef om havg more weddgs, gay, straight or whatever, ” says Marlene Morris Towns, a marketg profsor at Geetown Alpert, a Chigo area-based weddg planner, has been the dtry for more than three s and started workg wh same-sex clients more than 10 years ago. A uple Oregon recently had to close their bakery and now face $150, 000 damag over civil rights vlatns bee they refed to provi service to a lbian uple 2013, cg their relig objectns to homosexualy, acrdg to the Christian Post.

Like straight people, gay people like to get married the summer, so the May to September months are gog to be really by next year, I spect, ” Badgett says. More pennts who lean toward the Democratic Party (81%) favor gay marriage than Democrats (71%).

GAY MARRIAGE HAS CONTRIBUTED OVER $1 BILLN TO THE US ENOMY

In Egypt last month, eight men were sentenced to three years jail after showg up a vio of what looked like a “gay marriage” to Egyptian the last year or so, untri as diverse as Rsia, Uganda, Nigeria, and Bnei have implemented new laws that crease penalti for homosexualy or for supportg rights for lbian, gay, bisexual, and transgenr (LGBT) people. Their skills and knowledge might be ls valuable when they get out, and if future employers are likely to discrimate agast people assumed to be gay, their optns might be limed to work ls productive jobs.

IS GAY MARRIAGE A PL OR A M FOR THE ENOMY?

Multatnal pani know they’ll have trouble nvcg an openly gay executive to accept a transfer to a untry that is LGBT tolerant. In our study of 39 untri, we pared a measure of rights granted by each natn related to homosexualy—crimalizatn, nondiscrimatn laws, and fay rights—to GDP per pa and other measur of enomic posive lk between rights and velopment is clear: Countri that e closer to full equaly for LGBT people have higher levels of GDP per pa over the 22 years we after we take to acunt other differenc across untri that matter for GDP growth, like pal stock and ternatnal tra, we still fd a strong posive effect of gay rights. Dpe the disagreements, Amerins are relatively liberal pared to untri across the world, where the nsequenc for gay or transgenr cizens are far more dire.

MANY BRONS HAVE CHANGED THEIR MDS ON GAY MARRIAGE

In Europe and here the Ameris, only a mory of people believe that homosexualy is never jtified. Why are there such big differenc public opn about homosexualy?

GAY WEDDGS HAVE BOOSTED US ENOMY BY $3.8 BILLN SCE LANDMARK LG

My book, “Cross-Natnal Public Opn about Homosexualy, ” shows that a key part of the answer unrstandg how natnal characteristics shape dividuals’ attus. Wh untri, a siar set of mographic characteristics tend to fluence how people feel about homosexualy.

Mlims are more likely to disapprove of homosexualy than Catholics, Jews and male Prottants. Jt like people, untri too have particular characteristics that n sway rints’ attus about homosexualy. Bee of the foc on group loyalty and tradn, many rints om poorer untri are likely to view homosexualy as highly problematic.

Even relatively rich untri like the Uned Stat, some people will still fd homosexualy problematic. People livg more mocratic untri tend to be more supportive of homosexualy. Why are people om Mlim majory natns so opposed to homosexualy?