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Ill-Defined Benefits: The Uncertain Present and Brighter Future of Employee Pensions in Canada

Author

Listed:
  • David Laidler

    (C.D. Howe Institute)

  • William B.P. Robson

    (C.D. Howe Institute)

Abstract

Attempts to shore up the classic single-employer, defined-benefit pension plan are the wrong response to Canada’s occupational pension problems. While tax and regulatory changes can help, Canadians need a new approach to retirement income that will pool risks, control costs, and avoid the agency problems that have put many pension promises at risk.

Suggested Citation

  • David Laidler & William B.P. Robson, 2007. "Ill-Defined Benefits: The Uncertain Present and Brighter Future of Employee Pensions in Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 250, June.
  • Handle: RePEc:cdh:commen:250
    as

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    File URL: https://www.cdhowe.org/public-policy-research/ill-defined-benefits-uncertain-present-and-brighter-future-employee-pensions-canada
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    References listed on IDEAS

    as
    1. Mehra, Rajnish & Prescott, Edward C., 1985. "The equity premium: A puzzle," Journal of Monetary Economics, Elsevier, vol. 15(2), pages 145-161, March.
    2. Eric Tuer & Elizabeth Woodman, 2005. "Recent Trends in Canadian Defined-Benefit Pension Sector Investment and Risk Management," Bank of Canada Review, Bank of Canada, vol. 2005(Summer), pages 21-35.
    3. Fernandez, Pablo, 2006. "Equity premium: Historical, expected, required and implied," IESE Research Papers D/661, IESE Business School.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. William B.P. Robson, 2008. "Safe Harbours: Providing Protection for Canada's Money-Purchase Plan Sponsors," C.D. Howe Institute Backgrounder, C.D. Howe Institute, issue 110, January.
    2. Moussaly, Karim, 2010. "Participation in private retirement savings plans, 1997 to 2008," MPRA Paper 22711, University Library of Munich, Germany.
    3. Malcolm P. Hamilton, 2014. "Evaluating Public-Sector Pensions: How Much Do They Really Cost?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 403, March.

    More about this item

    Keywords

    pensions policy; retirement security;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • 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

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