Pension coverage and retirement savings of young and prime-aged workers in Canada, 1986-1997

René Morissette and Marie Drolet

Canadian Journal of Economics, 2001, vol. 34, issue 1, 100-119

Abstract: In this paper, we assemble data from several household surveys to document how pension coverage of young and prime-aged workers has evolved in Canada between the mid-1980s and the mid-1990s. We show that between 1986 and 1997 pension coverage has fallen significantly for men, has dropped slightly for young women, and has increased for prime-aged women. The decline in union density and employment shifts towards low-coverage industries explain most of the decline in pension coverage of men and young women. In contrast, most of the increase in coverage of prime-aged women remains unexplained. While pension coverage has fallen for men and young women, their real average contributions to registered retirement savings plan (RRSPs) have increased substantially. As a result, the sum of the amounts they contributed to registered pension plans (RPPs) and RRSPs has increased markedly.

JEL-codes: J26 J32 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (3)

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