Incomes from Owner-occupied Housing for Working-age and Retirement-age Canadians, 1969 to 2006
AbstractUsing data from the Survey of Household Spending and from its predecessor, the Survey of Family Expenditures, this paper investigates the relative incomes of retirement-age and working-age Canadians from 1969 to 2006, taking into account both explicit household income and the implicit income generated by owner-occupied housing. Over this 37-year period, the explicit incomes of retirement-age households increased at a more rapid pace than those of working-age households. Implicit income from owner-occupied housing also increased rapidly during this time, matching the rate at which the explicit income of retirement-age households increased. On average, this implicit source of earnings raised the incomes of retirement-age households (aged 70 and over) by 16%. Taking both forms of income into account, the incomes of retirement-age households (aged 70 and over), relative to the incomes of working-age households (aged 40 to 49), increased from 45% in 1969 to 59% in 2006. During this period, Canadians invested in housing assets that provided additional income upon retirement.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Statistics Canada, Analytical Studies Branch in its series Economic Analysis (EA) Research Paper Series with number 2010066e.
Date of creation: 09 Dec 2010
Date of revision:
Income; pensions; spending and wealth; Families; households and housing; Seniors; Household assets; debts and wealth; Household characteristics; Income; pensions and wealth;
This paper has been announced in the following NEP Reports:
- NEP-AGE-2010-12-23 (Economics of Ageing)
- NEP-ALL-2010-12-23 (All new papers)
- NEP-URE-2010-12-23 (Urban & Real Estate Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Pierre Lefebvre & Philip Merrigan & Pierre-Carl Michaud, 2011.
"The Recent Evolution of Retirement Patterns in Canada,"
Cahiers de recherche
- Lefebvre, Pierre & Merrigan, Philip & Michaud, Pierre-Carl, 2011. "The Recent Evolution of Retirement Patterns in Canada," IZA Discussion Papers 5979, Institute for the Study of Labor (IZA).
- Pierre Lefebvre & Philip Merrigan & Pierre-Carl Michaud, 2011. "The Recent Evolution of Retirement Patterns in Canada," Social and Economic Dimensions of an Aging Population Research Papers 287, McMaster University.
- Pierre-Carl Michaud & Philip Merrigan & Pierre Lefebvre, 2012. "The Recent Evolution of Retirement Patterns in Canada," CIRANO Working Papers 2012s-37, CIRANO.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown).
If references are entirely missing, you can add them using this form.