Federal policy and the mobility of older homeowners

The elderly's immobility is of public policy concern because it may jeopardize both individual and community welfare. Elderly households may face obstacles to moving which either lock them into their current homes or out of suitable alternatives. Only one federal policy (the one-time capital gains exclusion), addresses the mobility of the elderly, but it has been ineffective and probably inequitable. Alternative policies range from targeting the provision more tightly to reallocating its $1 to $2 billion in annual revenue losses for appropriate categorical assistance. Until the elderly's immobility is more clearly understood, tighter targeting is the preferred course.