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- Articles and reports: 13-605-X202000100006Description:
This study of data from the Distributions of Household Economic Accounts compares households' economic well-being from a macro-economic accounts perspective, as measured by net saving and net worth for each generation when the major income earner for a household in one generation reached the same point in the life cycle as the major income earner for a household in another generation. The study finds that while younger generations have higher disposable income and higher consumption expenditure than older generations when they reached the same age, their net saving is relatively similar. As well, younger generations' economic well-being may be more at risk due to the COVID-19 pandemic since they depend more on employment as a primary source of income, they have higher debt relative to income, and they have less equity in financial and real estate assets from which to draw upon when needed.
Release date: 2020-12-10 - Journals and periodicals: 11-626-XGeography: CanadaDescription: Articles in the Economic Insights series highlight issues related to the growth and development of Canada's economy. In some cases, these articles highlight new insights or synthesize the results of previous research carried out by Statistics Canada; in others, they provide contextual information that accompanies the release of new data or updates from previous papers. The Economic Insights series features concise examinations of economic events, research results, trends, and important structural changes in the economy.Release date: 2020-11-02
- Articles and reports: 11F0019M2019021Description: Canada was the first country to introduce private sponsorship, and the program has played a key role in the country’s responses to international refugee crises over the last four decades. Private sponsorship has been regarded as a promising policy option for other major Western countries in their commitments to refugee resettlement. However, empirical evidence regarding the economic outcomes of refugee private sponsorship is notably limited. To fill this gap, this paper examined the long-term economic outcomes of privately sponsored refugees (PSRs) with various human capital levels in Canada. It addressed two questions. First, how do the economic outcomes of PSRs compare with those of government-assisted refugees (GARs) in the initial resettlement period and over the longer term? Second, do the economic outcomes of PSRs vary by the refugees’ initial levels of human capital (official language skills and education)?Release date: 2020-01-13
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- Articles and reports: 13-605-X202000100006Description:
This study of data from the Distributions of Household Economic Accounts compares households' economic well-being from a macro-economic accounts perspective, as measured by net saving and net worth for each generation when the major income earner for a household in one generation reached the same point in the life cycle as the major income earner for a household in another generation. The study finds that while younger generations have higher disposable income and higher consumption expenditure than older generations when they reached the same age, their net saving is relatively similar. As well, younger generations' economic well-being may be more at risk due to the COVID-19 pandemic since they depend more on employment as a primary source of income, they have higher debt relative to income, and they have less equity in financial and real estate assets from which to draw upon when needed.
Release date: 2020-12-10 - Journals and periodicals: 11-626-XGeography: CanadaDescription: Articles in the Economic Insights series highlight issues related to the growth and development of Canada's economy. In some cases, these articles highlight new insights or synthesize the results of previous research carried out by Statistics Canada; in others, they provide contextual information that accompanies the release of new data or updates from previous papers. The Economic Insights series features concise examinations of economic events, research results, trends, and important structural changes in the economy.Release date: 2020-11-02
- Articles and reports: 11F0019M2019021Description: Canada was the first country to introduce private sponsorship, and the program has played a key role in the country’s responses to international refugee crises over the last four decades. Private sponsorship has been regarded as a promising policy option for other major Western countries in their commitments to refugee resettlement. However, empirical evidence regarding the economic outcomes of refugee private sponsorship is notably limited. To fill this gap, this paper examined the long-term economic outcomes of privately sponsored refugees (PSRs) with various human capital levels in Canada. It addressed two questions. First, how do the economic outcomes of PSRs compare with those of government-assisted refugees (GARs) in the initial resettlement period and over the longer term? Second, do the economic outcomes of PSRs vary by the refugees’ initial levels of human capital (official language skills and education)?Release date: 2020-01-13
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