Economic growth, income distribution and economic welfare in Canada 1975-1994
AbstractAssessment of trends in Canadian living standards is incomplete if family money incomes are not adjusted for the shrinking size of Canadian families. This paper uses OECD and Statistics Canada equivalence scales to examine the level and distribution of equivalent money income in 1975, 1981,1984, 1989 and 1994, using SCF micro-data and concentrates on inequality within and between birth cohorts. Less than 5% of aggregate income inequality is due to intergenerational inequality. From 1975 to 1989, all cohorts experienced rising average incomes, with no trend in intra-cohort inequality, except among senior citizens. The 1990's have, however, been a decade of declining average real equivalent income.
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Bibliographic InfoArticle provided by Elsevier in its journal The North American Journal of Economics and Finance.
Volume (Year): 8 (1997)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/inca/620163
Other versions of this item:
- Lars Osberg, 1996. "Economic Growth, Income Distribution and Economic Welfare in Canada 1975-1994," Department of Economics at Dalhousie University working papers archive econgrow, Dalhousie, Department of Economics.
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