IDEAS home Printed from https://ideas.repec.org/p/stc/stcp5e/2010066e.html
   My bibliography  Save this paper

Incomes from Owner-occupied Housing for Working-age and Retirement-age Canadians, 1969 to 2006

Author

Listed:
  • Brown, W. Mark
  • Lafrance, Amelie

Abstract

Using data from the Survey of Household Spending and from its predecessor, the Survey of Family Expenditures, this paper investigates the relative incomes of retirement-age and working-age Canadians from 1969 to 2006, taking into account both explicit household income and the implicit income generated by owner-occupied housing. Over this 37-year period, the explicit incomes of retirement-age households increased at a more rapid pace than those of working-age households. Implicit income from owner-occupied housing also increased rapidly during this time, matching the rate at which the explicit income of retirement-age households increased. On average, this implicit source of earnings raised the incomes of retirement-age households (aged 70 and over) by 16%. Taking both forms of income into account, the incomes of retirement-age households (aged 70 and over), relative to the incomes of working-age households (aged 40 to 49), increased from 45% in 1969 to 59% in 2006. During this period, Canadians invested in housing assets that provided additional income upon retirement.

Suggested Citation

  • 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.
  • Handle: RePEc:stc:stcp5e:2010066e
    as

    Download full text from publisher

    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0027M2010066&ObjType=46&lang=en&limit=0
    Download Restriction: no

    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11F0027M2010066&ObjType=46&lang=en&limit=0
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pierre Lefebvre & Philip Merrigan & Pierre-Carl Michaud, 2011. "The Recent Evolution of Retirement Patterns in Canada," Social and Economic Dimensions of an Aging Population Research Papers 287, McMaster University.

    More about this item

    Keywords

    Families; households and housing; Household assets; debts and wealth; Household characteristics; Income; pensions and wealth; Income; pensions; spending and wealth; Seniors;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:stc:stcp5e:2010066e. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown). General contact details of provider: http://edirc.repec.org/data/stagvca.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.