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Consumption, Income, and Wealth Inequality in Canada

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Author Info
Gervais, Martin
Klein, Paul
Brozozowski, Matthew
Suzuki, Micho

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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 have 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. Using both confidential data and publicly available data, we are able to gauge the extent to which the publicly available data conceals aspects of inequality that confidential data reveals.
Keywords; Income Inequality, Consumption Inequality, Wealth Inequality
JEL Classification: D12, D31

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Publisher Info
Paper provided by Economics Division, School of Social Sciences, University of Southampton in its series Discussion Paper Series In Economics And Econometrics with number 0904.

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Handle: RePEc:stn:sotoec:0904

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This page was last updated on 2009-12-18.


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