the gap is generally below $10,000. Various decomposition results indicate that the age of the major income recipient (and … of the spouse for married families) as well as factors affecting permanent income explain a significant portion of the … distribution, however, the wealth gap cannot be explained by the age of the major income recipient, permanent income factors, or …

Discussions of pension adequacy for elderly Canadians have used the rate at which income falls with age; the income … replacement rate or the ratio of post-retirement income to pre-retirement income. Use of income streams to assess post … example, work-related expenses) can be expected to fall after retirement, a declining income stream does not necessarily …

This paper assesses the quantitative importance of a number of sources of income risk for household welfare and … precautionary saving. To that end I construct a lifecycle consumption model in which household income is subject to shocks … associated with disability, health, unemployment, job changes, wages, work hours, and a residual component of household income. I …

retirement preparation in Canada and the soundness of the Canadian retirement income system. The focus of this study is to …

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 …