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Strengthening Fairness and Funding in the Canada Pension Plan: Is Raising the Retirement Age an Option?

Hering, Martin; Klassen, Thomas R. - Department of Economics, McMaster University - 2010

rather analyzes one vital option that has received insufficient attention in previous debates: raising the normal retirement … significant increase in life expectancy raises the question of whether the current retirement ages of 60 years, for earliest CPP … the option of raising the retirement age needs to be discussed well before longevity increases or funding problems occur …

Persistent link: https://www.econbiz.de/10008542640

The surprisingly large policy implications of changing retirement durations

Hicks, Peter - Department of Economics, McMaster University - 2011

work strongly in the direction of even shorter durations of retirement and longer durations of work. These new pressures … retirement years in large numbers, increasing the demand for older workers. On the supply side, there will be a large in increase … market scenarios. Delaying work-retirement transitions by even this amount would have large, positive economic and fiscal …

Persistent link: https://www.econbiz.de/10009144509

Life-cycle Asset Accumulation and Allocation in Canada

Milligan, Kevin - Department of Economics, McMaster University - 2004

comparisons to earlier wealth surveys from 1977 and 1984. I find cross-sectional evidence for asset decumulation at older ages … when annuitized assets like pension wealth are included in the analysis. I also find that the portfolio share of financial …

Persistent link: https://www.econbiz.de/10005763307

Gender Inequality in the Wealth of Older Canadians

Denton, Margaret; Boos, Linda - Department of Economics, McMaster University - 2007

Beyond income, wealth is an important measure of economic well-being, because while income captures the current state … of inequality, wealth has the potential for examining accumulated and historically structured inequality. This paper … documents the extent of gender inequality in wealth for Canadian women and men aged 45 and older. The analysis uses data from …

Persistent link: https://www.econbiz.de/10005181116

Gender Inequality in the Wealth of Older Canadians

Denton, Margaret; Boos, Linda - Department of Economics, McMaster University - 2007

Persistent link: https://www.econbiz.de/10005635231

Tasks and Heterogeneous Human Capital

Yamaguchi, Shintaro - Department of Economics, McMaster University - 2011

This paper proposes a new approach to modeling heterogeneous human capital using task data from the Dictionary of Occupational Titles. The key feature of the model is that it departs from the Roy model, which treats occupations as distinct categories, and conceives of occupations as bundles of...

Persistent link: https://www.econbiz.de/10009322474

A New Bismarckian Regime? Path Dependence and Possible Regime Shifts in Korea’s Evolving Pension System

Hering, Martin - Department of Economics, McMaster University - 2009

This paper sheds light on the current state and the likely future development of Korea’s evolving pension system by analyzing it from a comparative perspective. It shows that, because of its many institutional layers, the Korean pension system could evolve into one of several different types...

Persistent link: https://www.econbiz.de/10008542638

Formation of Heterogeneous Skills and Wage Growth

Yamaguchi, Shintaro - Department of Economics, McMaster University - 2009

This paper examines how primitive skills associated with occupations are formed and rewarded in the labor market over the careers of men. The objective task complexity measurement from the Dictionary of Occupational Titles enables a more direct look into the primitive skills of workers. I show...

Persistent link: https://www.econbiz.de/10008546325

Pension Portability and Labour Mobility in the United States. New Evidence from SIPP Data.

Andrietti, Vincenzo; Hildebrand, Vincent - Department of Economics, McMaster University - 2001

We explore the role of employer provided pensions on job mobility choices using data from the Survey of Income and Program Participation. Defined benefit plans are found to have a significant negative effect on mobility. However, we find no significant evidence that the potential pension...

Persistent link: https://www.econbiz.de/10005404393

Private Pensions and Income Security in Old Age: An Uncertain Future -- Conference Report

Hering, Martin; Kpessa, Michael - Department of Economics, McMaster University - 2007

By all measures the private pension system in Canada is in difficulty. One estimate suggests that at the end of 2005 there were significant funding shortfalls in about three quarters of the traditional defined benefit pension plans that fall under federal jurisdiction in Canada. In order to...

Persistent link: https://www.econbiz.de/10005404423