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The Expert Panel on Older Workers made recommendations designed to increase the labour force participation of older workers. We explore the implications that higher rates of older-worker participation would have for the overall size and age composition of the labour force, for the productive...
Persistent link: https://www.econbiz.de/10003880656
If retirement means a substantial and sustained reduction in the time spent working for pay or profit, measurement requires a definition of substantial and sufficient observations of the same individuals to determine whether a transition from "working" to "retired" status has occurred. Using the...
Persistent link: https://www.econbiz.de/10003880660
Persistent link: https://www.econbiz.de/10003408793
Canadians are living longer and retiring younger. When combined with the aging of the baby boom generation, that means that the "inactive" portion of the population is increasing and there are concerns about possibly large increases in the burden of support on those who are younger. We model the...
Persistent link: https://www.econbiz.de/10008665014
Since the prevalence of many chronic health conditions increases with age we might anticipate that as the population ages the proportion with one or more such conditions would rise, as would the cost of treatment. We ask three questions: How much would the overall prevalence of chronic...
Persistent link: https://www.econbiz.de/10003981776
We analyse a large longitudinal data file to determine who has retired and to assess how successful they are in maintaining their incomes after retirement. Our main conclusions are as follows. First, in the two years immediately after retirement the after-tax income replacement ratios average...
Persistent link: https://www.econbiz.de/10003981783
Measures of retirement that take a cohort perspective are appealing since retirement patterns may change, and it would be useful to have consistent measures that would make it possible to compare retirement patterns over time and between countries or regions. We propose and implement two...
Persistent link: https://www.econbiz.de/10009007277
We derive transition probability matrices for chronic health conditions using survey prevalence data. Matrices are constructed for successive age groups and the sequence represents the "age dynamics" of the health conditions for a stationary population - the probabilities of acquiring the...
Persistent link: https://www.econbiz.de/10009380130
We explore the implications of male preference stopping rules for a stable population, and more generally the aggregate implications of higher male/female birth ratios. We begin by specifying nine alternative family stopping rules, derive their probability functions, and simulate the long-run...
Persistent link: https://www.econbiz.de/10010237829
Immigration is a possible instrument for offsetting longer-run adverse effects of population aging on per capita income. Our "laboratory" is a fictional country Alpha to which we assign demographic characteristics typical of a country experiencing population aging. Simulations indicate that a...
Persistent link: https://www.econbiz.de/10011455444