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Incomes from Owner-occupied Housing for Working-age and Retirement-age Canadians, 1969 to 2006

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Author Info

  • Brown, W. Mark
  • Lafrance, Amelie

Abstract

Using 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.

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Bibliographic Info

Paper provided by Statistics Canada, Analytical Studies Branch in its series Economic Analysis (EA) Research Paper Series with number 2010066e.

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Date of creation: 09 Dec 2010
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Handle: RePEc:stc:stcp5e:2010066e

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Related research

Keywords: Families; households and housing; Household assets; debts and wealth; Household characteristics; Income; pensions and wealth; Income; pensions; spending and wealth; Seniors;

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Cited by:
  1. Pierre-Carl Michaud & Philip Merrigan & Pierre Lefebvre, 2012. "The Recent Evolution of Retirement Patterns in Canada," CIRANO Working Papers 2012s-37, CIRANO.

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