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Le Supplément de revenu garanti (SRG) a largement contribué à la réduction de la pauvreté des personnes âgées au Canada, mais les futurs bénéficiaires du SRG atteignant leurs 64 ans devraient penser à deux fois avant de continuer de cotiser à un REER. Souvent, la meilleure solution...
Persistent link: https://www.econbiz.de/10011184369
The Guaranteed Income Supplement (GIS) has contributed significantly to the reduction of senior poverty in Canada, but prospective GIS recipients should think twice at age 64 about making an RRSP contribution. In many cases, the best move may even be withdrawing the whole RRSP. This is because...
Persistent link: https://www.econbiz.de/10011184416
disequalizing effects. Increases in women's access to public pensions have had important equalizing effects, while most of the …
Persistent link: https://www.econbiz.de/10008497085
In this paper, we use a risk framework to analyze the risks seniors face and discuss the success of Canada’s retirement income system in insuring against these risks. We focus on four types of risk: (i) the risk of low income at the onset of retirement, (ii) longevity risk, (iii) business...
Persistent link: https://www.econbiz.de/10011184426
This paper explores impacts of recessions on private pensions and retirement savings in Canada. We estimate that the … hypothetical economy with a recession once a decade. For DB plans, unemployment caused by recessions can reduce pensions by up to … 25% if it strikes late and reduces final average pay. Early retirement may reduce DB pensions up to 50%. Overall, effects …
Persistent link: https://www.econbiz.de/10011184467
Richard Shillington (1999, 2003) estimates that one-third of near-seniors have made Registered Retirement Savings Plans (RRSP) contributions in error as their asset holdings are low enough to suggest that they will likely be Guaranteed Income Supplement (GIS) recipients. Hence they are likely to...
Persistent link: https://www.econbiz.de/10011184403
This paper proposes a new framework to empirically assess the effects of the minimum wage in a developing country. This approach allows us to jointly estimate the effects of the minimum wage on unemployment, average wages, sector mobility, wage inequality, the size of the informal sector and on...
Persistent link: https://www.econbiz.de/10011184384
While proponents argue that minimum wage laws are essential in improving social welfare and economic well-being, implementation of minimum wage laws can also be associated with increased unemployment and the movement of workers into the informal sector where worker protection and workplace...
Persistent link: https://www.econbiz.de/10011184464
Malgré une histoire construite avec l’immigration, les immigrants sont les personnes qui ont le plus de difficultés au Canada. D’après une nouvelle recherche récente, la proportion des immigrants récents (au Canada depuis 5 ans ou moins) et qui sont pauvres s’est constamment accrue,...
Persistent link: https://www.econbiz.de/10011184417
income from private pensions compared with the Canadian born. Immigrants from non-traditional source countries have low …
Persistent link: https://www.econbiz.de/10011184448