Social Security and Retirement in Canada
AbstractGovernment transfers to older persons in Canada are one of the largest and fastest growing" components of the government budget. I provide an overview of the interaction between these" transfer programs and retirement behavior. I begin by documenting historical trends in labor force" participation and program receipt, and contemporaneous patterns of work and income receipt for the" current cohort of older persons. I then present an overview of the structure of this system of" Canadian transfer programs. Finally, I present results of a simulation model which measures the" implicit tax/subsidy rate on work after age 55 through this system. I find that workers, there are modest taxes on work through age 64, that rise to fairly high levels thereafter. But" these taxes are substantially lower for single workers, since they do not have wives eligible for" means-tested transfers, and for workers with substantial other sources of income is not at all eligible for means-tested transfers.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6308.
Date of creation: Dec 1997
Date of revision:
Publication status: Published as "Social Security and Retirement: An International Comparison" , American Economic Review, Vol. 88, no. 2 (May 1998): 158-163.
Note: AG PE LS
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Other versions of this item:
- Jonathan Gruber, 1999. "Social Security and Retirement in Canada," NBER Chapters, National Bureau of Economic Research, Inc, in: Social Security and Retirement around the World, pages 73-99 National Bureau of Economic Research, Inc.
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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.:
- Jonathan Gruber, 1996.
"Disability Insurance Benefits and Labor Supply,"
NBER Working Papers
5866, National Bureau of Economic Research, Inc.
- Jonathan Gruber, 2000. "Disability Insurance Benefits and Labor Supply," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 108(6), pages 1162-1183, December.
- Baker, Michael & Benjamin, Dwayne, 1999. "Early Retirement Provisions and the Labor Force Behavior of Older Men: Evidence from Canada," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 17(4), pages 724-56, October.
- Baker, Michael & Benjamin, Dwayne, 1999. "How do retirement tests affect the labour supply of older men?," Journal of Public Economics, Elsevier, Elsevier, vol. 71(1), pages 27-51, January.
- Peter Diamond & Jonathan Gruber, 1997. "Social Security and Retirement in the U.S," NBER Working Papers 6097, National Bureau of Economic Research, Inc.
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