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All (21) (0 to 10 of 21 results)

  • Articles and reports: 11F0027M2014094
    Geography: Canada
    Description:

    This report compares household net worth per capita in Canada and the United States from 1970 to 2012, using data from the Canadian National Balance Sheet Accounts and the Flow of Funds Accounts published by the U.S. Federal Reserve.

    Three approaches are adopted. The first makes a level comparison using values adjusted for purchasing power parity (PPP). The second uses ratios of real net worth per capita and net worth relative to disposable income. The third decomposes the growth of the ratio of net worth to disposable income. Together, these approaches provide mutually re-enforcing results that are more robust than what could be derived from any one approach in isolation.

    Release date: 2014-08-20

  • Articles and reports: 75-001-X201100211429
    Geography: Canada
    Description:

    Mortgages consistently account for two-thirds of Canadians' household debt. This study uses the Survey of Household Spending to examine the characteristics of mortgagees and the size of their payments. It focuses on mortgage payments expressed as a percentage of disposable income-the mortgage-liability ratio. This analysis highlights differences in personal characteristics, and spending and saving patterns among households with higher and lower mortgage-liability ratios.

    Release date: 2011-04-27

  • Articles and reports: 11F0019M2008306
    Geography: Canada
    Description:

    Past research has shown that the Canadian pension system is relatively effective in helping seniors to stay out of poverty. However, the extent to which the pension system enables individuals and families to maintain living standards achieved during their working years after retirement (income security) is less well understood. To help fill this knowledge gap, we employ 20-year longitudinal data to track individuals as they move from age 55 through their retirement years. We use various measures of an individual's family income to study four main issues: change in income levels through retirement; the role that various income sources play in this change; variation in replacement rates through time and between poorer and richer individuals; and, finally, the degree of long-term stability in individual incomes. For workers with average incomes, family income falls after age 60, declines until age 68, and then stabilizes at approximately 80% of the income level they had at age 55. In contrast, low income individuals (those in the bottom income quintile) experience little change in income as they move from age 55 through the retirement years, largely because of the income maintenance effects of the public pension system. They experience high levels of individual income instability in their late 50s and early 60s, but income instability falls dramatically after retirement. Individuals in the top quintile experience substantially larger income declines in retirement so that income inequality within a cohort declines as the cohort ages. More recent groups of retirees are experiencing higher income levels than earlier cohorts, largely because of higher private pensions. Replacement rates have changed little among cohorts, however. Whether recent gains in income levels will persist in future cohorts is unknown since pension coverage has been falling among younger workers.

    Release date: 2008-03-10

  • Articles and reports: 75-001-X20051128982
    Geography: Canada
    Description:

    As households age and labour market attachment diminishes, income, savings and wealth generally become less. Households also become smaller as adult children leave or a spouse dies. And spending patterns change. Using 'similar' households, this study looks at changes in spending patterns for households headed by persons aged 55 or older in 1982 and 2003.

    Release date: 2005-12-20

  • Articles and reports: 75-001-X200410613122
    Geography: Canada
    Description:

    This paper examines the effects of changes in consumer spending and asset holdings over the last 20 years on the economic landscape.

    Release date: 2004-09-21

  • Articles and reports: 11F0019M2003192
    Geography: Canada
    Description:

    The 1990s were characterized by substantial declines in the number of welfare recipients in most Canadian provinces. These declines occurred in a period when most provincial governments lowered benefits and tightened eligibility rules. What happened to the economic well-being of those who left welfare in the 1990s? Using longitudinal tax data, this study examines the short and long-term outcomes of welfare leavers across three dimensions: earnings, disposable income and low-income. The role of marriage in post-welfare outcomes is also investigated.

    Release date: 2003-03-26

  • Articles and reports: 11F0019M2003172
    Geography: Canada
    Description:

    All countries look to economic growth to reduce low-income. This paper focuses on the 1990s and assesses the role played by changes in economic growth, employment earnings and government transfers in the patterns of low-income intensity in Canada during the 1990s. We find that low-income intensity was higher in most provinces during the 1990s than during the 1980s (comparing comparable positions in the business cycle). The largest increase was in Ontario. In particular, in spite of the slow economic growth and falling unemployment between 1993 and 1997, low-income intensity continued to rise. Both increases in the low-income rate and the low-income gaps contributed to this higher level. Employment earnings continued to decline among low-income families over the 1990s, contributing to the increase in low-income intensity in central and eastern Canada in particular. This is related in part to the more severe recession of the early 1990s east of Manitoba, and the lack of recovery among poorer families. During the 1990s changes in government transfers did not offset the fall in employment earnings among lower-income families, as they did during the 1980s, resulting in rising low-income intensity. Declining transfer benefits were associated with a rising low-income gap in some provinces, particularly Alberta. The latest data available at the time of writing was 1998. The strong economic growth of 1999 and 2000 will likely have reduced low-income intensity, but it remains to be seen if it falls back to the level of the 1980s cyclical peak.

    Release date: 2003-01-24

  • Articles and reports: 11F0019M2002184
    Geography: Canada
    Description:

    This paper examines the Canadian labour market during the 1990s and contrasts it to prior decades, with a special focus on distributional outcomes. It discusses changes in relative earnings between groups, changes in relative labour market outcomes of women and older workers, changes in earnings and income inequality, and changes in low-income.

    Release date: 2002-03-01

  • Articles and reports: 75-001-X20010115981
    Geography: Canada
    Description:

    A brief look at family incomes in 1999 and changes since 1990.

    Release date: 2001-12-12

  • Articles and reports: 75-001-X200110413055
    Geography: Canada
    Description:

    A brief look at family incomes in 1999 and changes since 1990.

    Release date: 2001-12-12
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Analysis (21) (0 to 10 of 21 results)

  • Articles and reports: 11F0027M2014094
    Geography: Canada
    Description:

    This report compares household net worth per capita in Canada and the United States from 1970 to 2012, using data from the Canadian National Balance Sheet Accounts and the Flow of Funds Accounts published by the U.S. Federal Reserve.

    Three approaches are adopted. The first makes a level comparison using values adjusted for purchasing power parity (PPP). The second uses ratios of real net worth per capita and net worth relative to disposable income. The third decomposes the growth of the ratio of net worth to disposable income. Together, these approaches provide mutually re-enforcing results that are more robust than what could be derived from any one approach in isolation.

    Release date: 2014-08-20

  • Articles and reports: 75-001-X201100211429
    Geography: Canada
    Description:

    Mortgages consistently account for two-thirds of Canadians' household debt. This study uses the Survey of Household Spending to examine the characteristics of mortgagees and the size of their payments. It focuses on mortgage payments expressed as a percentage of disposable income-the mortgage-liability ratio. This analysis highlights differences in personal characteristics, and spending and saving patterns among households with higher and lower mortgage-liability ratios.

    Release date: 2011-04-27

  • Articles and reports: 11F0019M2008306
    Geography: Canada
    Description:

    Past research has shown that the Canadian pension system is relatively effective in helping seniors to stay out of poverty. However, the extent to which the pension system enables individuals and families to maintain living standards achieved during their working years after retirement (income security) is less well understood. To help fill this knowledge gap, we employ 20-year longitudinal data to track individuals as they move from age 55 through their retirement years. We use various measures of an individual's family income to study four main issues: change in income levels through retirement; the role that various income sources play in this change; variation in replacement rates through time and between poorer and richer individuals; and, finally, the degree of long-term stability in individual incomes. For workers with average incomes, family income falls after age 60, declines until age 68, and then stabilizes at approximately 80% of the income level they had at age 55. In contrast, low income individuals (those in the bottom income quintile) experience little change in income as they move from age 55 through the retirement years, largely because of the income maintenance effects of the public pension system. They experience high levels of individual income instability in their late 50s and early 60s, but income instability falls dramatically after retirement. Individuals in the top quintile experience substantially larger income declines in retirement so that income inequality within a cohort declines as the cohort ages. More recent groups of retirees are experiencing higher income levels than earlier cohorts, largely because of higher private pensions. Replacement rates have changed little among cohorts, however. Whether recent gains in income levels will persist in future cohorts is unknown since pension coverage has been falling among younger workers.

    Release date: 2008-03-10

  • Articles and reports: 75-001-X20051128982
    Geography: Canada
    Description:

    As households age and labour market attachment diminishes, income, savings and wealth generally become less. Households also become smaller as adult children leave or a spouse dies. And spending patterns change. Using 'similar' households, this study looks at changes in spending patterns for households headed by persons aged 55 or older in 1982 and 2003.

    Release date: 2005-12-20

  • Articles and reports: 75-001-X200410613122
    Geography: Canada
    Description:

    This paper examines the effects of changes in consumer spending and asset holdings over the last 20 years on the economic landscape.

    Release date: 2004-09-21

  • Articles and reports: 11F0019M2003192
    Geography: Canada
    Description:

    The 1990s were characterized by substantial declines in the number of welfare recipients in most Canadian provinces. These declines occurred in a period when most provincial governments lowered benefits and tightened eligibility rules. What happened to the economic well-being of those who left welfare in the 1990s? Using longitudinal tax data, this study examines the short and long-term outcomes of welfare leavers across three dimensions: earnings, disposable income and low-income. The role of marriage in post-welfare outcomes is also investigated.

    Release date: 2003-03-26

  • Articles and reports: 11F0019M2003172
    Geography: Canada
    Description:

    All countries look to economic growth to reduce low-income. This paper focuses on the 1990s and assesses the role played by changes in economic growth, employment earnings and government transfers in the patterns of low-income intensity in Canada during the 1990s. We find that low-income intensity was higher in most provinces during the 1990s than during the 1980s (comparing comparable positions in the business cycle). The largest increase was in Ontario. In particular, in spite of the slow economic growth and falling unemployment between 1993 and 1997, low-income intensity continued to rise. Both increases in the low-income rate and the low-income gaps contributed to this higher level. Employment earnings continued to decline among low-income families over the 1990s, contributing to the increase in low-income intensity in central and eastern Canada in particular. This is related in part to the more severe recession of the early 1990s east of Manitoba, and the lack of recovery among poorer families. During the 1990s changes in government transfers did not offset the fall in employment earnings among lower-income families, as they did during the 1980s, resulting in rising low-income intensity. Declining transfer benefits were associated with a rising low-income gap in some provinces, particularly Alberta. The latest data available at the time of writing was 1998. The strong economic growth of 1999 and 2000 will likely have reduced low-income intensity, but it remains to be seen if it falls back to the level of the 1980s cyclical peak.

    Release date: 2003-01-24

  • Articles and reports: 11F0019M2002184
    Geography: Canada
    Description:

    This paper examines the Canadian labour market during the 1990s and contrasts it to prior decades, with a special focus on distributional outcomes. It discusses changes in relative earnings between groups, changes in relative labour market outcomes of women and older workers, changes in earnings and income inequality, and changes in low-income.

    Release date: 2002-03-01

  • Articles and reports: 75-001-X20010115981
    Geography: Canada
    Description:

    A brief look at family incomes in 1999 and changes since 1990.

    Release date: 2001-12-12

  • Articles and reports: 75-001-X200110413055
    Geography: Canada
    Description:

    A brief look at family incomes in 1999 and changes since 1990.

    Release date: 2001-12-12
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