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

Sébastien LaRochelle-Côté, John Myles and Garnett Picot

Canadian Public Policy, 2012, vol. 38, issue 4, 471-495

Abstract: Using a longitudinal database and fixed-effects models, we assess the effect of the death of a spouse and divorce after age 55 on income replacement rates during the retirement years. We find that among women, separation/divorce has a larger negative effect than widowhood. The effect of divorce/separation is greatest among women from higher-income families, where there is more reliance on private pension and investment income. Reliance on public pension income reduces the effect of divorce on replacement rates for lower-income women. Among men, in contrast, separation/divorce has little effect on replacement rates and widowhood actually raises replacement rates among middle- and higher-income men.

Date: 2012
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