Details

Subject(s)

• Retirees—Finance, Personal—Canada [Browse]
• Consumption (Economics)—Canada—Statistics [Browse]
• Retirement income—Canada—Statistics [Browse]

Related name

• LaRochelle-Côté, Sébastien, 1976- [Browse]
• Statistics Canada. Economic Analysis Division [Browse]

Series

• Economic analysis research paper series, no. 067. [More in this series]
• Research paper (Statistics Canada) [More in this series]
• Economic analysis (EA) research paper series, 1703-0404 ; no. 067
• Research paper

Summary note

Studies of pre- and post-retirement annual income have focused on the extent to which income falls at this crucial stage in life. Although these studies vary in scope and intent, the overall consensus is that the Canadian retirement income system provides income replacement rates that are in the excess of 60% to 70% for a plurality of Canadians, especially for those who had low incomes during their prime working years. However, little has been published on the extent to which retirees maintain their same levels of consumption. Using data from the Survey of Family Expenditures (FAMEX) and from the Survey of Household Spending (SHS), this study develops a synthetic cohort approach to determine how the consumption patterns of households headed by individuals in their late 40s (in the early 1980s) differ from those of a group of households headed by individuals in their early 70s (in the late 2000s). It finds that, even though the nature of consumption changes over time, the overall levels of consumption "per adult" do not decline by substantial amounts among Canadians as they age.

Notes

• "March 2011".
• "Catalogue no. 11F0027M"--Cover.
• Issued as part of the Canadian Electronic Library, Documents collection, and Canadian public policy collection.

Bibliographic references

Includes bibliographic references (p. 32-34).

Contents

• Abstract
• Executive summary
• 1. Introduction
• 2. Background
• 2.1. Canadian studies
• 3. Data and methods
• 3.1. Data sources
• 3.2. Expenditures, consumption, and income
• 3.3. Treatment of durables
• 3.4. Housing
• 3.5. Automobiles
• 3.6. Changes in household composition
• 4. Expenditures, consumption, and income over the life cycle
• 4.1. Consumption and income "replacement"
• 4.2. Consumption-to-income ratios
• 5. Changes in consumption patterns
• 5.1. Health-related spending
• 6. Dispersion measures
• 7. Conclusion
• Appendix A: Description of synthetic cohort
• Appendix B: An alternative method for generating "per-adult equivalent" figures
• References.

Show 19 more Contents items

Also published in French under title

Habitudes de consommation des canadiens âgés : approche axée sur une cohorte synthétique.

SuDoc no.

CS11-0027/67E-PDF

Publisher no.

229603

OCLC

760993317

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