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  • 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: 82-003-X201400411924
    Geography: Canada
    Description:

    Using data from the annual Survey of Household Spending, this study investigates trends in out-of-pocket expenditures on health care products and services from 1997 to 2009 by household income quintile.

    Release date: 2014-04-16

  • Articles and reports: 11F0019M2014357
    Geography: Canada
    Description:

    An emerging area of subjective well-being (SWB) research is centered on the differences in the levels of SWB both across countries and among geographic regions within a country. The consideration of geographic differences would extend our knowledge about the determinants of SWB from "internal" factors of personality traits and individuals' socio-demographic characteristics to "external factors" embedded in individuals' environments. An issue with important theoretical and policy implications is whether the income of others in the same geographic area is associated with individuals' SWB. The association could be positive if people benefit from the improved resources, amenities, and social capital in high-income areas. The association could also be negative if people tend to emulate the lifestyles of their more affluent neighbours. Related empirical studies so far have not come to a consensus on this question.

    The present study attempts to contribute to this issue in two significant ways. First, this study examines whether the effect of the average income in a geographic area (locality income) on SWB is sensitive to the scale of geographic units. With a very large sample of survey respondents nested within three hierarchical levels of geographic areas, this study provides reliable estimates of the association of SWB with average incomes in immediate neighbourhoods (defined as "census dissemination areas"), local communities ("census tracts"), and municipalities ("census subdivisions"). Second, this study examines how the choice of control variables influences the estimated effect of locality income. By considering the effects of individual demographic and socioeconomic characteristics, self-evaluated general health, and area-level attributes in a sequential manner, it is possible to discuss the likely mechanisms through which locality income is related to individuals' SWB.

    Release date: 2014-02-20

  • Articles and reports: 11-626-X2013027
    Geography: Canada
    Description: This article in the Economic Insights series looks at the increase in food prices that has taken place worldwide since 2007. It answers the following questions: How have food prices evolved in Canada and in the rest of the world since 2007? How do the recent trends in Canada compare to previous episodes of rising food prices?
    Release date: 2013-06-27

  • Articles and reports: 11-622-M2013029
    Geography: Canada
    Description:

    Population aging and the recent global financial crisis underscore the importance of the discussions of the adequacy of retirement preparation in Canada and the soundness of the Canadian retirement income system. The focus of this study is to examine whether the accumulated private savings of Canadian households is adequate for their retirement, given their expected entitlement to public and private pension when they retire.

    Release date: 2013-06-14

  • Articles and reports: 11F0027M2013083
    Geography: Canada
    Description:

    This paper examines why rates of homeownership have been increasing amongst young higher-income households, but declining among young lower-income households. For the period from 1981 to 2006, household data from the Census of Population, supplemented with information from the Survey of Financial Security, are employed to model the decision to own across the income distribution. The model assesses whether housing market conditions (e.g., the cost of renting versus owning), the financial condition of households (e.g., whether the household has sufficient wealth to make a standard down payment), and demographic factors (e.g., changing family composition) account for these diverging trends in housing demand.

    Release date: 2013-01-29

  • Articles and reports: 11-626-X2012015
    Geography: Canada
    Description:

    This Economic Insights article presents new income data on Canadian households from the revised Canadian System of National Accounts (CSNA12). It is one of a series of Economic Insights articles designed to emphasize key aspects of the new national accounts data and their utility for analyses of the Canadian economy.

    The Canadian System of National Accounts had for many years combined the incomes and expenditures of non-profit institutions and certain other institutions with those of households. Over the years, this has led users to ask whether the economic picture of Canadian households would be similar if the data on non-profit institutions were no longer combined with the household data. One of the important changes with the current revisions is that data based on a "pure" measure of the household sector are now available.

    The new data, which provide more detail on the transactions of households with other sectors of the economy, tell fundamentally the same story as to the evolution and composition of household incomes and expenditures.

    Release date: 2012-10-01

  • Articles and reports: 75-001-X201200311690
    Geography: Canada
    Description:

    Canadians accumulate wealth to deal with unforeseen circumstances, fund their children's education, invest in business opportunities and fund their retirement, among other reasons. Wealth is therefore a key indicator of household financial well-being. However, the financial and housing markets in which households invest have changed substantially. This study develops a synthetic cohort approach to examine the effect of these changes on the wealth accumulation of successive generations of Canadians' with a particular focus on younger households.

    Release date: 2012-06-22

  • Articles and reports: 11F0019M2012343
    Geography: Canada
    Description:

    The financial security of widowed and divorced women during their retirement years has long been a concern. This paper places this issue within the context of research on replacement rates, the extent to which family income during the working years (here, the mid-50s) is "replaced" as individuals move into their late 70s. Using a longitudinal database and fixed-effects econometric models, the paper assesses the effect of widowhood/widowerhood and divorce after age 55 on replacement rates during the retirement years.

    Release date: 2012-06-20

  • Articles and reports: 85-002-X201200111628
    Geography: Canada, Province or territory
    Description:

    Using data available from the Survey of Maintenance Enforcement Programs, the article profiles a particularly challenging aspect of maintenance enforcement, interjurisdictional support order (ISO) cases of child and spousal support within nine provinces and territories: Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Saskatchewan, Alberta, Yukon, the Northwest Territories and Nunavut. The article gives a general overview of maintenance enforcement cases, followed by a detailed analysis of ISO cases, and concludes with a look at international ISO cases.

    Release date: 2012-03-28
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Analysis (287)

Analysis (287) (0 to 10 of 287 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: 82-003-X201400411924
    Geography: Canada
    Description:

    Using data from the annual Survey of Household Spending, this study investigates trends in out-of-pocket expenditures on health care products and services from 1997 to 2009 by household income quintile.

    Release date: 2014-04-16

  • Articles and reports: 11F0019M2014357
    Geography: Canada
    Description:

    An emerging area of subjective well-being (SWB) research is centered on the differences in the levels of SWB both across countries and among geographic regions within a country. The consideration of geographic differences would extend our knowledge about the determinants of SWB from "internal" factors of personality traits and individuals' socio-demographic characteristics to "external factors" embedded in individuals' environments. An issue with important theoretical and policy implications is whether the income of others in the same geographic area is associated with individuals' SWB. The association could be positive if people benefit from the improved resources, amenities, and social capital in high-income areas. The association could also be negative if people tend to emulate the lifestyles of their more affluent neighbours. Related empirical studies so far have not come to a consensus on this question.

    The present study attempts to contribute to this issue in two significant ways. First, this study examines whether the effect of the average income in a geographic area (locality income) on SWB is sensitive to the scale of geographic units. With a very large sample of survey respondents nested within three hierarchical levels of geographic areas, this study provides reliable estimates of the association of SWB with average incomes in immediate neighbourhoods (defined as "census dissemination areas"), local communities ("census tracts"), and municipalities ("census subdivisions"). Second, this study examines how the choice of control variables influences the estimated effect of locality income. By considering the effects of individual demographic and socioeconomic characteristics, self-evaluated general health, and area-level attributes in a sequential manner, it is possible to discuss the likely mechanisms through which locality income is related to individuals' SWB.

    Release date: 2014-02-20

  • Articles and reports: 11-626-X2013027
    Geography: Canada
    Description: This article in the Economic Insights series looks at the increase in food prices that has taken place worldwide since 2007. It answers the following questions: How have food prices evolved in Canada and in the rest of the world since 2007? How do the recent trends in Canada compare to previous episodes of rising food prices?
    Release date: 2013-06-27

  • Articles and reports: 11-622-M2013029
    Geography: Canada
    Description:

    Population aging and the recent global financial crisis underscore the importance of the discussions of the adequacy of retirement preparation in Canada and the soundness of the Canadian retirement income system. The focus of this study is to examine whether the accumulated private savings of Canadian households is adequate for their retirement, given their expected entitlement to public and private pension when they retire.

    Release date: 2013-06-14

  • Articles and reports: 11F0027M2013083
    Geography: Canada
    Description:

    This paper examines why rates of homeownership have been increasing amongst young higher-income households, but declining among young lower-income households. For the period from 1981 to 2006, household data from the Census of Population, supplemented with information from the Survey of Financial Security, are employed to model the decision to own across the income distribution. The model assesses whether housing market conditions (e.g., the cost of renting versus owning), the financial condition of households (e.g., whether the household has sufficient wealth to make a standard down payment), and demographic factors (e.g., changing family composition) account for these diverging trends in housing demand.

    Release date: 2013-01-29

  • Articles and reports: 11-626-X2012015
    Geography: Canada
    Description:

    This Economic Insights article presents new income data on Canadian households from the revised Canadian System of National Accounts (CSNA12). It is one of a series of Economic Insights articles designed to emphasize key aspects of the new national accounts data and their utility for analyses of the Canadian economy.

    The Canadian System of National Accounts had for many years combined the incomes and expenditures of non-profit institutions and certain other institutions with those of households. Over the years, this has led users to ask whether the economic picture of Canadian households would be similar if the data on non-profit institutions were no longer combined with the household data. One of the important changes with the current revisions is that data based on a "pure" measure of the household sector are now available.

    The new data, which provide more detail on the transactions of households with other sectors of the economy, tell fundamentally the same story as to the evolution and composition of household incomes and expenditures.

    Release date: 2012-10-01

  • Articles and reports: 75-001-X201200311690
    Geography: Canada
    Description:

    Canadians accumulate wealth to deal with unforeseen circumstances, fund their children's education, invest in business opportunities and fund their retirement, among other reasons. Wealth is therefore a key indicator of household financial well-being. However, the financial and housing markets in which households invest have changed substantially. This study develops a synthetic cohort approach to examine the effect of these changes on the wealth accumulation of successive generations of Canadians' with a particular focus on younger households.

    Release date: 2012-06-22

  • Articles and reports: 11F0019M2012343
    Geography: Canada
    Description:

    The financial security of widowed and divorced women during their retirement years has long been a concern. This paper places this issue within the context of research on replacement rates, the extent to which family income during the working years (here, the mid-50s) is "replaced" as individuals move into their late 70s. Using a longitudinal database and fixed-effects econometric models, the paper assesses the effect of widowhood/widowerhood and divorce after age 55 on replacement rates during the retirement years.

    Release date: 2012-06-20

  • Articles and reports: 85-002-X201200111628
    Geography: Canada, Province or territory
    Description:

    Using data available from the Survey of Maintenance Enforcement Programs, the article profiles a particularly challenging aspect of maintenance enforcement, interjurisdictional support order (ISO) cases of child and spousal support within nine provinces and territories: Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Saskatchewan, Alberta, Yukon, the Northwest Territories and Nunavut. The article gives a general overview of maintenance enforcement cases, followed by a detailed analysis of ISO cases, and concludes with a look at international ISO cases.

    Release date: 2012-03-28
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