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  • Articles and reports: 11F0019M2017391
    Description:

    This paper assesses the extent to which education affects how Canadians save and accumulate wealth for retirement. The paper makes three contributions. First, a descriptive analysis is presented of differences in savings and home values across individuals based on their levels of educational attainment. To this end, new datasets that link survey respondents from the 1991 and 2006 censuses of Canada to their administrative tax records are used. These data provide a unique opportunity to jointly observe education, savings, home values, and a plethora of other factors of relevance. Second, the causal effect of high school completion on savings rates in tax-preferred accounts is estimated, exploiting compulsory schooling reforms in the identification. Third, building on a recent study by Messacar (2015), education is also found to affect how individuals re-optimize their savings rates in response to an automatic change in pension wealth accumulation. The implications of this study’s findings for the “nudge paradigm” in behavioural economics are discussed.

    Release date: 2017-03-27

  • 2. RRSP investments Archived
    Articles and reports: 75-001-X200810213203
    Geography: Canada
    Description:

    A wide variety of assets can be held in registered retirement savings plans ranging from investments with predictable values, like guaranteed investment certificates, to those whose values vary, like stocks of individual companies. Returns to these investments, and therefore income levels in retirement, can vary dramatically, depending on the economic climate and the mix of investments. This article examines the characteristics of families with RRSPs and the allocation of assets within their RRSPs according to the level of predictability of the return on investment.

    Release date: 2008-03-18

  • Articles and reports: 75-001-X20010126037
    Geography: Canada
    Description:

    This report focuses on employer pension plan assets, together with other private pension assets such as registered retirement savings plans. It also presents estimates of net worth, including the value of employer pension plan benefits.

    Release date: 2001-12-17
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  • Articles and reports: 11F0019M2017391
    Description:

    This paper assesses the extent to which education affects how Canadians save and accumulate wealth for retirement. The paper makes three contributions. First, a descriptive analysis is presented of differences in savings and home values across individuals based on their levels of educational attainment. To this end, new datasets that link survey respondents from the 1991 and 2006 censuses of Canada to their administrative tax records are used. These data provide a unique opportunity to jointly observe education, savings, home values, and a plethora of other factors of relevance. Second, the causal effect of high school completion on savings rates in tax-preferred accounts is estimated, exploiting compulsory schooling reforms in the identification. Third, building on a recent study by Messacar (2015), education is also found to affect how individuals re-optimize their savings rates in response to an automatic change in pension wealth accumulation. The implications of this study’s findings for the “nudge paradigm” in behavioural economics are discussed.

    Release date: 2017-03-27

  • 2. RRSP investments Archived
    Articles and reports: 75-001-X200810213203
    Geography: Canada
    Description:

    A wide variety of assets can be held in registered retirement savings plans ranging from investments with predictable values, like guaranteed investment certificates, to those whose values vary, like stocks of individual companies. Returns to these investments, and therefore income levels in retirement, can vary dramatically, depending on the economic climate and the mix of investments. This article examines the characteristics of families with RRSPs and the allocation of assets within their RRSPs according to the level of predictability of the return on investment.

    Release date: 2008-03-18

  • Articles and reports: 75-001-X20010126037
    Geography: Canada
    Description:

    This report focuses on employer pension plan assets, together with other private pension assets such as registered retirement savings plans. It also presents estimates of net worth, including the value of employer pension plan benefits.

    Release date: 2001-12-17
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