This paper examines financial literacy in Canada using a dataset from early 2023 that measures the knowledge of middle-aged Canadians regarding their retirement income system. We first document important financial literacy differences across gender, age, education, and labor market status. Using...

Politicians across Canada's political spectrum strive to position themselves as defenders of the middle class, and tax policy is a prime vehicle for making this pitch. Any tax reform proposal can be examined critically to evaluate its likely distributional impacts and how well these map onto...

This article analyzes the development in Canada of two critical differences between Canadian and U.S. labour policy: union recognition and state regulation of striker replacements. The development of public policy on these issues helps illuminate the fundamental principles of state intervention...

Annuities, long-term care insurance and reverse mortgages remain unpopular to manage longevity, medical and housing price risks after retirement. We analyze low demand using a life-cycle model structurally estimated with a unique stated-preference survey experiment of Canadian households. Low...

Daylight Savings Time was adopted for the purposes of reducing energy consumption, but recent studies have cast some doubt on whether it still serves this purpose effectively. This study estimates the effect of Daylight Savings Time on electricity demand in Ontario, Canada. It uses a...

What relationship between domestic and foreign variables could explain the observed high correlation between domestic savings and investment in OECD countries with perfect capital mobility? Is such an explanation empirically supportable? This paper constructs a stochastic continuous-time...

Per capita gross domestic product (GDP) is a poor indicator of economic well-being. It measures effective consumption poorly (ignoring the value of leisure and of longer life spans) and it also ignores the value of accumulation for the benefit of future generations. Since incomes are uncertain...