The years leading up to the "great recession" were a time of rapid innovation in the financial industry. This period also saw a fall in credit spreads and a boom in liquidity and asset prices that accompanied the boom in real activity, especially investment. In this paper we argue that these...

This paper develops an equilibrium matching model for a competitive CEO market in which CEOs’ wage and perks are both endogenously determined by bargaining between firms and CEOs. In stable matching equilibrium, firm size, wage, perks and talent are all positively related. Perks are more...

A pilot study was undertaken in Newfoundland and Labrador to determine whether provision of a real-time feedback device is sufficient to provide residential customers with the information needed to reduce their electricity consumption. A panel based econometric methodology, which controlled for...

In this paper we raise the question, as to whether retirement is lost as we currently know it in Canada. Here we look at the retirement research according to the scope of retirement and the new retirement, possible theoretical developments, the timing of transitions into retirement and life as a...

As for more than ten years, my name has been many time associated with Statistics Canada’s LifePaths Microsimulation Model, I was asked to give my thoughts on it at the Seminar “On the Varieties of Computer Modeling: A Toolbox Approach to Analysis and Decision Making” organized by the...

We analyze the process of immigrant selection and occupational outcomes of International Medical Graduates (IMGs) in the US and Canada. The IMG relicensing model of Kugler and Sauer (2005) is extended to incorporate two different approaches to immigrant selection: employer nomination systems and...

Does retirement represent a state of relative prosperity or a time of unanticipated economic hardship? To assess whether individuals are successful in smoothing their well-being across the transition to retirement we analyse measures of relative subjective wellbeing (SWB) in the Australian HILDA...

Identifying the effect of the financial incentives created by social security systems on the retirement behaviour of individuals requires exogenous variation in program parameters. In this paper we study the 1993 Australian Age Pension reform which increased the eligibility age for women to...

The first aim of this document was to produce the most complete list as possible of the microsimulation models developed in Canada in the last two decades. Morever, information was provided about the people or entities that participated in their production, as well as about the researchers who...

Questions that people ask, when they hear that mandatory retirement has been repealing include: will people be forced to toil longer to stay financially healthy? Will they change careers later in life to keep their interest in a subject or explore new interests? How will working longer affect...