The Top Shares of Older Earners in Canada

Michael Veall

Social and Economic Dimensions of an Aging Population Research Papers from McMaster University

Abstract: Within the 65+ age group, the percentage of labour market income received by the top 1% of earners has increased from about 30% in 1982 to more than 60% in 2002. The trend is smooth, is roughly uniform across provinces and does not appear to have been accelerated by top marginal tax rate reductions in 1988. Hence there is little evidence from this time series that further marginal tax rate reductions would have an important permanent effect on aggregate labour supply for this age group. Moreover, it is unlikely that this period could provide evidence regarding aggregate labour supply effects for this group with respect to reductions in Old Age Security or Guaranteed Income Supplement clawbacks, because the top 1% of earners are above the income range served by these programs.

Keywords: Income distribution of seniors; employment income of seniors (search for similar items in EconPapers)
JEL-codes: H24 H55 J26 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2006-07
New Economics Papers: this item is included in nep-pbe
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Related works:
Working Paper: The Top Shares of Older Earners in Canada (2006)
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