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The Changing Economic Circumstances of the Older Population: A Cohort Analysis

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  • Frank T. Denton
  • Byron G. Spencer

Abstract

The paper provides an analysis of the economic circumstances of Canadian cohorts in older phases of the life cycle. It begins by discussing the definition of "old" and the case for an upward revision of the traditional age-65 definition. It then goes on to consider changes in patterns of labour force participation of older age groups, their income levels and distribution, the importance of government transfer payments, consumption levels and patterns of saving, the extent of home ownership and mortgage status, and the effects of inflation.

Suggested Citation

  • Frank T. Denton & Byron G. Spencer, 1996. "The Changing Economic Circumstances of the Older Population: A Cohort Analysis," Independence and Economic Security of the Older Population Research Papers 8, McMaster University.
    • Handle: RePEc:mcm:iesopp:8
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    File URL: http://socserv.socsci.mcmaster.ca/iesop/papers/iesop_08.pdf
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    References listed on IDEAS

    as
    1. Denton, F T & Spencer, B G, 1991. "Resampling a Time-Series Process: A Method of Estimating the Probabilities Associated with Alternative Plans for Protecting Pensions against Inflation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 6(3), pages 303-314, July-Sept.
    2. Frank Denton & Byron Spencer, 1999. "How old is old? Revising the definition based on life table criteria," Mathematical Population Studies, Taylor & Francis Journals, vol. 7(2), pages 147-159.
    3. J. B. Burbidge & A. L. Robb, 1985. "Evidence on Wealth-Age Profiles in Canadian Cross-Section Data," Canadian Journal of Economics, Canadian Economics Association, vol. 18(4), pages 854-875, November.
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    Cited by:

    1. Frank T. Denton & Byron G. Spencer, 1997. "Demographic Trends, Labour Force Participation, and Long-term Growth," Quantitative Studies in Economics and Population Research Reports 334, McMaster University.

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    More about this item

    Keywords

    older population; cohort; income; consumption; saving;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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