The Canadian Elder Standard - Pricing the Cost of Basic Needs for the Canadian Elderly

Bonnie-Jeanne MacDonald, Doug Andrews and Robert L. Brown

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

Abstract: We determined the after-tax income required to fi nance basic needs for Canadian elders living with different circumstances in terms of age, gender, city of residence, household size, homeowner or renter status, means of transportation, and health status. Using 2001 as our base year, we priced the typical expenses for food, shelter, medical, transportation, miscellaneous basic living items and home-based long-term care for elders living in fi ve Canadian cities. This is the fi rst Canadian study of basic living expenses tailored to elders instead of adults in general, prepared on an absolute rather than a relative basis. We also accounted for an individual’s unique life circumstances and established the varying effect that they have on the cost of basic expenses, particularly for home care. We found that the maximum Guaranteed Income Supple ment and Old Age Security benefi t did not meet the cost of basic needs for an elder living in poor circumstances.

Keywords: Canadian seniors; poverty measure; economic security; aging-in-place; cost-of-living; absolute measure; home care (search for similar items in EconPapers)
JEL-codes: I32 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2011-08
New Economics Papers: this item is included in nep-age
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://socserv.mcmaster.ca/sedap/p/sedap286.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://socserv.mcmaster.ca/sedap/p/sedap286.pdf [302 Moved Temporarily]--> https://socialsciences.mcmaster.ca/sedap/p/sedap286.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mcm:sedapp:286

Access Statistics for this paper

More papers in Social and Economic Dimensions of an Aging Population Research Papers from McMaster University Contact information at EDIRC.
Bibliographic data for series maintained by (spencer@mcmaster.ca).