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

Author

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  • F.T. Denton
  • B.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

  • F.T. Denton & B.G. Spencer, 1996. "The Changing Economic Circumstances of the Older Population: A Cohort Analysis," Quantitative Studies in Economics and Population Research Reports 319, McMaster University.
    • Handle: RePEc:mcm:qseprr:319
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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.

    More about this item

    Keywords

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    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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