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All (13) (0 to 10 of 13 results)
- 1. StatCan Research Beat: Economic well-being across generations: Are millennials better or worse off? ArchivedStats in brief: 89-20-00042019002Description: A recent study compares financial outcomes for millennials and generation X when they were younger. A short video provides a quick overview of key points, examining how millennials are doing in terms of wealth and debt levels. It also highlights disparities in wealth among their generation.Release date: 2019-04-18
- 2. Economic Well-being Across Generations of Young Canadians: Are Millennials Better or Worse Off? ArchivedArticles and reports: 11-626-X2019006Description:
This article in the Economic Insights series examines economic well-being of millennials by comparing their household balance sheets to those of previous generations of young Canadians.
Release date: 2019-04-18 - 3. Wealth and debt: How are millennials doing? ArchivedStats in brief: 11-627-M2019029Description:
This infographic examines economic wellbeing for millennials (those between 25 and 34 years old in 2016) and provides a comparison with generation X at the same age (those between 25 and 34 years old in 1999). Information is provided on income, assets, debts and net worth.
Release date: 2019-04-18 - Articles and reports: 11F0019M2005272Geography: CanadaDescription:
This paper makes use of matched tax-return data for daughters, their parents, their partners and their partners' parents to investigate the interactions between intergenerational mobility and marital matching for young couples in Canada. We show how assortative mating contributes to intergenerational household income persistence. The strength of the association between sons-in-law's income and women's parental income means that the intergenerational link between household incomes is stronger than that found for daughters' own incomes alone. This is also the case when viewed from the other side, so that daughters' and their partners' earnings are related to partners' parental income. These results indicate that assortative matching magnifies individual-level intergenerational persistence.
In the second part of the paper we consider assortative mating by parental income. We find that daughter's parental income has an elasticity of almost 0.2 with respect to her partner's parental income. This association is of approximately the same magnitude as the intergenerational link between parents' and children's incomes. We investigate variations in the correlation between the parental incomes across several measured dimensions; cohabiting couples have lower correlations, as do those who form partnerships early, those who live in rural areas and most interestingly, those who later divorce. We interpret this last result as evidence that, on average, couples with parental incomes that are more similar enjoy a more stable match.
Release date: 2005-12-08 - Articles and reports: 11F0019M2005240Geography: CanadaDescription:
This paper provides an overview of income inequality and low-income trends in Canada from an international perspective. It addresses a series of questions, including:- Is family income inequality rising in Canada after decades of stability?- Is Canada a low- or high-income inequality country?- Does Canada have a low or high low-income rate as compared to other western nations?- Does the tax/transfer system reduce low-income rates in Canada more than in the U.S. or in European countries?- Has the low-income rate and the depth of low income risen in Canada during the past two decades?- Does rising low income among immigrants significantly affect the aggregate low-income rate?- Do most spells of low income become long-term, and among which groups is persistent low income concentrated?
The paper uses the results from a number of papers to address these questions.
Release date: 2005-02-10 - 6. Intergenerational income mobility in Canada ArchivedArticles and reports: 89-553-X19980014020Geography: CanadaDescription:
Our objectives in this chapter are to determine the degree of intergenerational income mobility in Canada during the mid-1980s and 1990s and to investigate whether it has changed over time. In an era of increasing income inequality within a generation, it is important to understand whether equality of opportunity is preserved, or whether increasing polarization in labour market outcomes will be further exacerbated in the next generation.
Release date: 1998-11-05 - Articles and reports: 89-553-X19980014024Geography: CanadaDescription:
In this chapter, we assess the family's role in determining the acquisition of higher education and literacy. More specifically, our objective is to relate individual educational attainment, literacy abilities, and labour market characteristics to parental educational and labour market attributes. We compare different age cohorts and thereby examine relationships between parents and children over more than one generation.
Release date: 1998-11-05 - Articles and reports: 11F0019M1998113Geography: CanadaDescription:
Our objective is to obtain an accurate estimate of the degree of intergenerational income mobility in Canada. We use income tax information on about 400,000 father-son pairs, and find intergenerational earnings elasticities to be about 0.2. Earnings mobility tends to be slightly greater than income mobility, but non-parametric techniques uncover significant non-linearities in both of these relationships. Intergenerational earnings mobility is greater at the lower end of the income distribution than at the upper end, and displays an inverted V-shape elsewhere. Intergenerational income mobility follows roughly the same pattern, but is much lower at the very top of the income distribution.
Release date: 1998-10-27 - Table: 68-513-X19970013563Description:
Generational Accounting (GA) is a method of long-term public policy evaluation that attempts to measure what representative members of each current and future generation can expect to pay over their remaining lifetimes in net taxes. In this chapter we highlight the issues that arise from using GA to assess Canada's fiscal policy in terms of sustainability and overall impact on different age groups.
Release date: 1998-02-04 - Table: 68-513-X19970013568Description:
Many governments have adopted policies aimed at reducing public debt. Although the long-run fiscal dividends of such policies largely depend on the size of the debt-to-GDP cut, the short and medium run effects are more dependent on the type and speed of measures taken.
Release date: 1998-02-04
Data (3)
Data (3) ((3 results))
- Table: 68-513-X19970013563Description:
Generational Accounting (GA) is a method of long-term public policy evaluation that attempts to measure what representative members of each current and future generation can expect to pay over their remaining lifetimes in net taxes. In this chapter we highlight the issues that arise from using GA to assess Canada's fiscal policy in terms of sustainability and overall impact on different age groups.
Release date: 1998-02-04 - Table: 68-513-X19970013568Description:
Many governments have adopted policies aimed at reducing public debt. Although the long-run fiscal dividends of such policies largely depend on the size of the debt-to-GDP cut, the short and medium run effects are more dependent on the type and speed of measures taken.
Release date: 1998-02-04 - Table: 68-513-X19970013571Description:
"Intergenerational equity" is a term that can be interpreted in the sense of either: [1] equity between persons in the intergenerational transmission of economic status - often judged by the norm of "equality of opportunity"; or [2] equity in the intergenerational division of aggregate resources, considering all members of each generation as a group. Many of the papers in the companion volume (Corak, 1998) of intergenerational social mobility has long been a central issue in sociology and politics. This volume has focussed on the second interpretation, and espoused a "new" type of measurement of "Generational Accounting."
Release date: 1998-02-04
Analysis (10)
Analysis (10) ((10 results))
- 1. StatCan Research Beat: Economic well-being across generations: Are millennials better or worse off? ArchivedStats in brief: 89-20-00042019002Description: A recent study compares financial outcomes for millennials and generation X when they were younger. A short video provides a quick overview of key points, examining how millennials are doing in terms of wealth and debt levels. It also highlights disparities in wealth among their generation.Release date: 2019-04-18
- 2. Economic Well-being Across Generations of Young Canadians: Are Millennials Better or Worse Off? ArchivedArticles and reports: 11-626-X2019006Description:
This article in the Economic Insights series examines economic well-being of millennials by comparing their household balance sheets to those of previous generations of young Canadians.
Release date: 2019-04-18 - 3. Wealth and debt: How are millennials doing? ArchivedStats in brief: 11-627-M2019029Description:
This infographic examines economic wellbeing for millennials (those between 25 and 34 years old in 2016) and provides a comparison with generation X at the same age (those between 25 and 34 years old in 1999). Information is provided on income, assets, debts and net worth.
Release date: 2019-04-18 - Articles and reports: 11F0019M2005272Geography: CanadaDescription:
This paper makes use of matched tax-return data for daughters, their parents, their partners and their partners' parents to investigate the interactions between intergenerational mobility and marital matching for young couples in Canada. We show how assortative mating contributes to intergenerational household income persistence. The strength of the association between sons-in-law's income and women's parental income means that the intergenerational link between household incomes is stronger than that found for daughters' own incomes alone. This is also the case when viewed from the other side, so that daughters' and their partners' earnings are related to partners' parental income. These results indicate that assortative matching magnifies individual-level intergenerational persistence.
In the second part of the paper we consider assortative mating by parental income. We find that daughter's parental income has an elasticity of almost 0.2 with respect to her partner's parental income. This association is of approximately the same magnitude as the intergenerational link between parents' and children's incomes. We investigate variations in the correlation between the parental incomes across several measured dimensions; cohabiting couples have lower correlations, as do those who form partnerships early, those who live in rural areas and most interestingly, those who later divorce. We interpret this last result as evidence that, on average, couples with parental incomes that are more similar enjoy a more stable match.
Release date: 2005-12-08 - Articles and reports: 11F0019M2005240Geography: CanadaDescription:
This paper provides an overview of income inequality and low-income trends in Canada from an international perspective. It addresses a series of questions, including:- Is family income inequality rising in Canada after decades of stability?- Is Canada a low- or high-income inequality country?- Does Canada have a low or high low-income rate as compared to other western nations?- Does the tax/transfer system reduce low-income rates in Canada more than in the U.S. or in European countries?- Has the low-income rate and the depth of low income risen in Canada during the past two decades?- Does rising low income among immigrants significantly affect the aggregate low-income rate?- Do most spells of low income become long-term, and among which groups is persistent low income concentrated?
The paper uses the results from a number of papers to address these questions.
Release date: 2005-02-10 - 6. Intergenerational income mobility in Canada ArchivedArticles and reports: 89-553-X19980014020Geography: CanadaDescription:
Our objectives in this chapter are to determine the degree of intergenerational income mobility in Canada during the mid-1980s and 1990s and to investigate whether it has changed over time. In an era of increasing income inequality within a generation, it is important to understand whether equality of opportunity is preserved, or whether increasing polarization in labour market outcomes will be further exacerbated in the next generation.
Release date: 1998-11-05 - Articles and reports: 89-553-X19980014024Geography: CanadaDescription:
In this chapter, we assess the family's role in determining the acquisition of higher education and literacy. More specifically, our objective is to relate individual educational attainment, literacy abilities, and labour market characteristics to parental educational and labour market attributes. We compare different age cohorts and thereby examine relationships between parents and children over more than one generation.
Release date: 1998-11-05 - Articles and reports: 11F0019M1998113Geography: CanadaDescription:
Our objective is to obtain an accurate estimate of the degree of intergenerational income mobility in Canada. We use income tax information on about 400,000 father-son pairs, and find intergenerational earnings elasticities to be about 0.2. Earnings mobility tends to be slightly greater than income mobility, but non-parametric techniques uncover significant non-linearities in both of these relationships. Intergenerational earnings mobility is greater at the lower end of the income distribution than at the upper end, and displays an inverted V-shape elsewhere. Intergenerational income mobility follows roughly the same pattern, but is much lower at the very top of the income distribution.
Release date: 1998-10-27 - 9. Government Finances and Generational Equity ArchivedJournals and periodicals: 68-513-XDescription:
"Generational equity" is a topic that has gradually risen higher and higher on the agenda of governments at all levels. In fact, it is a matter not just for government policy, but a topic that touches many Canadians directly: young and old, parents and grandparents. Canadian policy makers increasingly have to deal with issues associated with the relative status of individuals between successive generations. The reform of public pension programs presents the most obvious example, but there are many other developments that raise the same type of issue. Indeed, the heightened concern over government fiscal policies is due in large part to the readiness of many to view government deficits and debt as a burden on future generations. Generational equity, however, is also a concern of individual Canadians and their families. The allocation of resources between the young and the old within the family is becoming an increasingly important issue for many, especially in light not only of an aging population but also the belief that those just entering the labour force will likely not attain the standard of living to which their parents have become accustomed.
The contributors to this book examine the operation of government taxes and expenditures from a generational perspective. In part the motivation for bringing these essays together is to offer comprehensive and up-to-date information on the age incidence of government finances. This motivation, however, also has to do with the development of a new accounting framework, Generational Accounting, that has gained some currency in many industrialized countries, particularly in the United States. It is a truism to say that good analysis requires good data, and certainly Statistic Canada's central role is to offer high-quality data in support of analysis and decision making. But the opposite is equally true, if not as obvious: good data requires good analysis. That is to say, new analytical frameworks often highlight the need to organize existing data in different ways, as well as the need for the development of new types of data. This is certainly one of several reasons that Statistics Canada has sought to develop a strong analytical capacity, and to maintain strong ties with the research community. This book is meant to contribute to this process by examining Canadian data through the lens of Generational Accounting, and by analyzing some of the issues that arise.
Release date: 1998-02-04 - Articles and reports: 11F0019M1996089Geography: CanadaDescription:
In this paper we use administrative data associated with the tax system to: (1) document the extent of intergenerational income mobility among Canadian men; and (2) estimate the income disadvantage (in adulthood) of being raised in a low income household. We find that there is considerable intergenerational income mobility in Canada among middle income earners, but that the inheritance of economic status is significant at both the very top and very bottom of the income distribution. About one-third of those in the bottom quartile were raised by fathers who occupied the same position in the income distribution. In fact, the income advantage of someone who had a father in the top decile over someone who had a father in the bottom decile is in the order of 40%. We also discuss some of the policy implications of these findings, as well as some of their limitations and the directions implied for future research.
Release date: 1996-01-24
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