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retirement and the expected age of retirement in Canada. Changes between 1994 and 2002 are decomposed into a component ….3 percentage point drop in the probability of retiring due to mandatory retirement, with that drop due to preference …/constraint changes substantially reducing the probability of retiring due to mandatory retirement but being almost offset by a change in …
Persistent link: https://www.econbiz.de/10004990867
In this paper we document the economic outcomes of elderly immigrants to Canada. Our objective is to describe the extent to which elderly immigrants may have low income (are “in povertyâ€) and their interactions with the Canadian income transfer system. The study has two main parts....
Persistent link: https://www.econbiz.de/10008497086
as retirement, preventing observation of their potential earnings losses. Using data from the Survey of Labour and Income …
Persistent link: https://www.econbiz.de/10004975587
cost savings has been to increase the age of eligibility for retirement benefits. In Canada, the March 2012 federal budget … retirement age reforms in Europe have erupted in large-scale protests and civil disorder. Concern exists that those exiting the … labour market before statutory retirement ages may suffer hardship before they can access public pensions. A CLSRN study …
Persistent link: https://www.econbiz.de/10011184385
Canada and other countries are changing the age of public pension eligibility. A policy concern that arises is the welfare of those exiting the labour force before the age of pension eligibility. This paper addresses the welfare implications of early retirements by examining who isn’t...
Persistent link: https://www.econbiz.de/10011184386
shown to be much more important. Overall, the results confirm the importance of retirement income policy for the structure …
Persistent link: https://www.econbiz.de/10011184387
) How great is the average drop in the level of total income after retirement? (2) What is the composition of income in … retirement, and how does it change? and (3) What impact do mid-career income, employment, and locational characteristics have on … income levels and composition in retirement? The analysis tracks income, in total and by source, on a year-by-year basis (i …
Persistent link: https://www.econbiz.de/10011184397
research1 has estimated that 32% of near-seniors have made Registered Retirement Savings Plans (RRSP) contributions in error as … Income Supplement Recipients Who Have Mistakenly Saved in Registered Retirement Savings Plans and Registered Pension Plansâ … average wealth of Canadian families by 11% and average retirement assets by 14%. Without the subsequent recovery in prices …
Persistent link: https://www.econbiz.de/10011184416
€™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 cycle risk, and (iv) decision-making risk. The research conducted by … CLSRN researchers and others leads us to conclude that, overall, Canada’s retirement income system successfully mitigates …
Persistent link: https://www.econbiz.de/10011184426
years. Meanwhile, life expectancies are continuing to rise, which implies that pensions and retirement income need to last … longer. Retirement income programs are also facing the retirement of 8 million baby boomers leaving the labour force over the … pressures on retirement income schemes, with implications for the economic well-being of oncoming retirees. The Guaranteed …
Persistent link: https://www.econbiz.de/10011184427