Employer-provided pensions, incomes, and hardship in early transitions to retirement
AbstractCanada and other countries are changing the age of public pension eligibility. A policy concern that arises is the welfare of those exiting the labour force before the age of pension eligibility. This paper addresses the welfare implications of early retirements by examining who isnâ€™t working at older ages, how they form their incomes, and how those exiting the labour market early avoid low income. The paper finds that around three quarters of those not working are able to avoid low-income status. The most important factors for avoiding low income are other family income sources, good health, and employment-related pension income.
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 Vancouver School of Economics in its series CLSSRN working papers with number clsrn_admin-2013-24.
Length: 65 pages
Date of creation: 29 Apr 2013
Date of revision: 29 Apr 2013
Contact details of provider:
Web page: http://www.clsrn.econ.ubc.ca/
Benefits; Canada Pension Plan; Income Security; Low Income; Pension; Retirement; Seniors;
Find related papers by JEL classification:
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-11-22 (Economics of Ageing)
- NEP-ALL-2013-11-22 (All new papers)
- NEP-LMA-2013-11-22 (Labor Markets - Supply, Demand, & Wages)
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.:
- Gary V. Engelhardt & Jonathan Gruber, 2004. "Social Security and the Evolution of Elderly Poverty," NBER Working Papers 10466, National Bureau of Economic Research, Inc.
- Picot, Garnett & Larochelle-Cote, Sebastien & Myles, John, 2008. "Income Security and Stability During Retirement in Canada," Analytical Studies Branch Research Paper Series 2008306e, Statistics Canada, Analytical Studies Branch.
- Kevin Milligan, 2007.
"The Evolution of Elderly Poverty in Canada,"
Social and Economic Dimensions of an Aging Population Research Papers
170, McMaster University.
- Michael Baker & Jonathan Gruber & Kevin S. Milligan, 2009. "Retirement Income Security and Well-Being in Canada," NBER Working Papers 14667, National Bureau of Economic Research, Inc.
- Frank T. Denton & Byron G. Spencer, 2008.
"What Is Retirement? A Review and Assessment of Alternative Concepts and Measures,"
Quantitative Studies in Economics and Population Research Reports
427, McMaster University.
- Frank T. Denton & Byron G. Spencer, 2008. "What is Retirement? A Review and Assessment of Alternative Concepts and Measures," Social and Economic Dimensions of an Aging Population Research Papers 231, McMaster University.
- Sébastien LaRochelle-Côté & John Myles & Garnett Picot, 2008. "Income Security and Stability During Retirement in Canada," Social and Economic Dimensions of an Aging Population Research Papers 236, McMaster University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vivian Tran).
If references are entirely missing, you can add them using this form.