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Retirement Lost?


  • Lynn McDonald
  • Peter Donahue


In this paper we raise the question, as to whether retirement is lost as we currently know it in Canada. Here we look at the retirement research according to the scope of retirement and the new retirement, possible theoretical developments, the timing of transitions into retirement and life as a retiree including the quality of pensions. On the basis of this selected review we propose that retirement is undergoing modifications based on several trends that commenced before the 2008 economic downturn. The data would appear to lean towards the emergence of a different retirement, insofar as the collective Canadian vision of retirement is lost, notwithstanding the economic meltdown in global markets.

Suggested Citation

  • Lynn McDonald & Peter Donahue, 2012. "Retirement Lost?," Social and Economic Dimensions of an Aging Population Research Papers 291, McMaster University.
  • Handle: RePEc:mcm:sedapp:291

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    References listed on IDEAS

    1. Michael Baker & Jonathan Gruber & Kevin Milligan, 2003. "The retirement incentive effects of Canada's Income Security programs," Canadian Journal of Economics, Canadian Economics Association, vol. 36(2), pages 261-290, May.
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    3. Tammy Schirle, 2008. "Greener Pastures: Understanding the Impact of Retirement Incentives in Defined-benefit Pension Plans," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 262, May.
    4. Chan, Sewin & Stevens, Ann Huff, 2004. "Do changes in pension incentives affect retirement? A longitudinal study of subjective retirement expectations," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1307-1333, July.
    5. Datta Gupta, Nabanita & Larsen, Mona, 2007. "Health Shocks and Retirement: The Role of Welfare State Institutions," MPRA Paper 15497, University Library of Munich, Germany.
    6. Tammy Schirle, 2008. "Why Have the Labor Force Participation Rates of Older Men Increased since the Mid-1990s?," Journal of Labor Economics, University of Chicago Press, vol. 26(4), pages 549-594, October.
    7. Michaud, Pierre-Carl & Vermeulen, Frederic, 2011. "A collective labor supply model with complementarities in leisure: Identification and estimation by means of panel data," Labour Economics, Elsevier, vol. 18(2), pages 159-167, April.
    8. Jonathan Gruber & David A. Wise, 1999. "Introduction to "Social Security and Retirement around the World"," NBER Chapters,in: Social Security and Retirement around the World, pages 1-35 National Bureau of Economic Research, Inc.
    9. T. Schirle, 2007. "Health, Pensions, and the Retirement Decision: Evidence from Canada," Working Papers eg0046, Wilfrid Laurier University, Department of Economics, revised 2007.
    10. admin, clsrn & Gomez, Rafael & Gunderson, Morley, 2009. "For Whom the 'Retirement' Bell Tolls: Inter-temporal Comparisons Using the 1994 and 2002 Canadian General Social Survey," CLSSRN working papers clsrn_admin-2009-31, Vancouver School of Economics, revised 22 Apr 2009.
    11. Gustman, Alan L & Steinmeier, Thomas L, 2000. "Retirement in Dual-Career Families: A Structural Model," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 503-545, July.
    12. Bender, Keith A. & Mavromaras, Kostas G. & Theodossiou, Ioannis & Wei, Zhang, 2014. "The Effect of Wealth and Earned Income on the Decision to Retire: A Dynamic Probit Examination of Retirement," IZA Discussion Papers 7927, Institute for the Study of Labor (IZA).
    13. Brown, W. Mark & Hou, Feng & Lafrance, Amelie, 2010. "Incomes of Retirement-age and Working-age Canadians: Accounting for Home Ownership," Economic Analysis (EA) Research Paper Series 2010064e, Statistics Canada, Analytical Studies Branch.
    14. Brown, W. Mark & Lafrance, Amelie, 2010. "Incomes from Owner-occupied Housing for Working-age and Retirement-age Canadians, 1969 to 2006," Economic Analysis (EA) Research Paper Series 2010066e, Statistics Canada, Analytical Studies Branch.
    15. Jonathan Gruber & David A. Wise, 1999. "Social Security and Retirement around the World," NBER Books, National Bureau of Economic Research, Inc, number grub99-1, January.
    16. N. Lesca, 2010. "Introduction," Post-Print halshs-00640602, HAL.
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    More about this item


    Retirement; pension shift; retirement planning; work and retirement; pension policy; retirement theory; retirement and the life course;

    JEL classification:

    • Z10 - Other Special Topics - - Cultural Economics - - - General

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