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Dimensions of Inequality in Canada

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Author Info
Matthew Brzozowski (Assistant Economics, Atkinson Faculty of Liberal and Professional Studies, York University (E-mail: brzozows@yorku.ca))
Martin Gervais (Reader, Economics Division, University of Southampton (E-mail: gervais@soton.ac.uk))
Paul Klein (Department of Economics, University of Western Ontario (E-mail: pklein2@uwo.ca))
and Michio Suzuki (Economist, Institute for Monetary and Economic Studies, Bank of Japan (E-mail: michio.suzuki@boj.or.jp))

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Abstract

In this paper, we document some features of the distribution of income, consumption and wealth in Canada using survey data from many different sources. We find that wage and income inequality has increased substantially over the last 30 years, but that much of this rise was offset by the tax and transfer system. As a result, the rise in consumption inequality has been relatively mild. We also document that wealth inequality has remained fairly stable since 1999. A comparison of our results - obtained using confidential data - suggests that while some aspects of inequality are well captured by publicly available data, others paint a drastically different picture.

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Publisher Info
Paper provided by Institute for Monetary and Economic Studies, Bank of Japan in its series IMES Discussion Paper Series with number 09-E-02.

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Date of creation: Jan 2009
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Handle: RePEc:ime:imedps:09-e-02

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Related research
Keywords: Income Inequality; Consumption Inequality; Wealth Inequality;

Find related papers by JEL classification:
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Emmanuel Saez & Michael R. Veall, 2005. "The Evolution of High Incomes in Northern America: Lessons from Canadian Evidence," American Economic Review, American Economic Association, vol. 95(3), pages 831-849, June. [Downloadable!]
  2. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2008. "The Macroeconomic Implications of Rising Wage Inequality in the United States," NBER Working Papers 14052, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Erich Battistin, 2003. "Errors in survey reports of consumption expenditures," IFS Working Papers W03/07, Institute for Fiscal Studies. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-25.

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