In this paper, we show that the decline in the relative wages of immigrants in Canada is far from homogenous over different points of the wage distribution. The well-documented decline in the immigrant-Canadian born mean wage gap hides a much larger decline at the low end of the wage...

Extending the L1-IV approach proposed by Sakata (1997, 2007), we develop a new method, named the $rho_{tau}$-IV estimation, to estimate structural equations based on the conditional quantile restriction imposed on the error terms. We study the asymptotic behavior of the proposed estimator and...

Proponents of class size reductions draw heavily on the results from Project STAR to support their initiatives. Adding to the political appeal of these initiative are reports that minority and economically disadvantaged students received the largest benefits from smaller classes. We extend this...

In Canada, advocates of universal child care often point to policies implemented in Quebec as providing a model for early education and care policies in other provinces. While these policies have proven to be incredibly popular among citizens, initial evaluations of access to these programs...

When the Dow Jones stock index hit an all-time high on March 5, 2013, some commentators said that this surge in share prices indicated a breaking of the psychological barrier faced by markets since the Great Recession. But others noted just how volatile financial markets have been – the...

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...

We estimate the elasticity of reported income with respect to tax rates for high earners using sub-national variation across Canadian provinces. We argue this allows for better identification of tax elasticities than the existing literature. We find that elasticities of reported income at the...

According to Canadian taxfiler data, over the last thirty years there has been a surge in the income shares of the top 1%, top 0.1% and top 0.01% of income recipients, even with longitudinal smoothing by individual using three- or five-year moving averages. Top shares fell in 2008 and 2009, but...

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...

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...