Do Workplace Pensions Crowd Out Other Retirement Savings? Evidence from Canadian Tax Records

Derek Messacar

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

Abstract:

This paper investigates whether registered pension plans (RPPs) help households prepare financially for retirement or simply substitute for other forms of private saving. This issue is addressed using a panel of 1.8 million Canadian households, from 1991 to 2010, which appear in the Longitudinal Administrative Databank. The analysis controls for correlations in savings across accounts due to unobserved tastes for saving by exploiting the fact that employer contribution rates increase discontinuously on earnings above the average industrial wage, a unique feature of occupational pensions in Canada, the effect being estimated in a Regression Kink Design.

Keywords: Income; pensions and wealth; Income; pensions; spending and wealth; Pension plans and funds and other retirement income programs; Seniors; Work and retirement (search for similar items in EconPapers)
Date: 2015-12-21
New Economics Papers: this item is included in nep-age and nep-pbe
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www150.statcan.gc.ca/n1/en/catalogue/11F0019M2015371 (application/pdf)
https://www150.statcan.gc.ca/n1/en/catalogue/11F0019M2015371 (text/html)

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:stc:stcp3e:2015371e

Access Statistics for this paper

More papers in Analytical Studies Branch Research Paper Series from Statistics Canada, Analytical Studies Branch Contact information at EDIRC.
Bibliographic data for series maintained by Mark Brown ().