The Evolution of Elderly Poverty in Canada
In this article, I extend the analysis of head-count measures of income and consumption poverty to all currently available microdata. Along with standard measures, I implement a relative poverty indicator using the well-being of working age families as a benchmark. I find that poverty among elderly families decreased sharply through the 1970s and 1980s. In the 1990s, relative measures of income poverty increased because non-elderly incomes have risen more quickly than elderly incomes. Since the 1980s, a sharp spike in income poverty has emerged between the ages of 55 and 64, with no counterpart in the consumption data.
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Volume (Year): 34 (2008)
Issue (Month): s1 (November)
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References listed on IDEAS
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- 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.
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- Kevin Milligan, 2005.
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- Marc Frenette & David A. Green & Kevin Milligan, 2007. "The tale of the tails: Canadian income inequality in the 1980s and 1990s," Canadian Journal of Economics, Canadian Economics Association, vol. 40(3), pages 734-764, August.
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- Krishna Pendakur, 2001. "Consumption Poverty in Canada, 1969 to 1998," Canadian Public Policy, University of Toronto Press, vol. 27(2), pages 125-149, June. Full references (including those not matched with items on IDEAS)