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Income Replacement Rates Among Canadian Seniors: The Effect of Widowhood and Divorce

Garnett Picot, Sebastien Larochelle-Cote and John Myles

Analytical Studies Branch Research Paper Series from Statistics Canada, Analytical Studies Branch

Abstract:

The financial security of widowed and divorced women during their retirement years has long been a concern. This paper places this issue within the context of research on replacement rates, the extent to which family income during the working years (here, the mid-50s) is "replaced" as individuals move into their late 70s. Using a longitudinal database and fixed-effects econometric models, the paper assesses the effect of widowhood/widowerhood and divorce after age 55 on replacement rates during the retirement years.

Keywords: Income; pensions and wealth; Labour; Seniors; Wages; salaries and other earnings (search for similar items in EconPapers)
Date: 2012-06-20
New Economics Papers: this item is included in nep-age, nep-dem and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp3e:2012343e

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