A cross-cohort comparison of economic well-being during retirement years

Tahsin Mehdi

Economic and Social Reports from Statistics Canada, Analytical Studies and Modelling Branch

Abstract: This study analyzes the extent to which pre-retirement lifestyles can be maintained into retirement years by comparing family incomes of five cohorts of individuals as they age from their mid 50s to late 70s. The cohorts considered were from 1984, 1987, 1990, 1993 and 1996. Three main results are uncovered from this study. First, median and average family incomes have generally risen across cohorts. Second, recent cohorts of retirees were able to maintain more of their pre-retirement family incomes compared with previous cohorts, partly driven by an increase in private pensions. Third, family incomes have become more stable across cohorts. The extent of the improvements across cohorts varies across the income distribution.

Keywords: retirement; lifestyles; family incomes (search for similar items in EconPapers)
JEL-codes: J23 M21 (search for similar items in EconPapers)
Date: 2023-05-24
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Persistent link: https://EconPapers.repec.org/RePEc:stc:stcp8e:202300500002e

DOI: 10.25318/36280001202300500002-eng

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