A Tepid Recovery: The Index of Economic Well-Being for Canada and the Provinces, 1981-2014

Jasmin Thomas and James Uguccioni ()

No 2016-05, CSLS Research Reports from Centre for the Study of Living Standards

Abstract: This report presents new estimates of the Index of Economic Well-being (IEWB) and its four domains (consumption flows, stocks of wealth, economic equality and economic security) for Canada and the provinces for the 1981-2014 period. We find that the IEWB grew at an average annual rate of 0.74 per cent per year over the period, notably below the 1.30 per cent growth of GDP per capita over the same time frame. Both the consumption and wealth domains steady advanced over the period, but their growth was offset by declines in the equality and economic security domains. Since 2008, reflecting the 2009 recession and the weak recovery, Canada’s IEWB has exhibited meager growth, advancing only 0.09 per cent per year. This reflects declines in all domains of the IEWB except consumption. Six of the ten provinces had lower levels for their respective IEWBs in 2014 than in 2008 (Newfoundland and Labrador, Prince Edward Island, Ontario, Saskatchewan, Alberta, and British Columbia).

Keywords: Well-Being; Wealth; Consumption; Equality; Economic Security; Canada; Provinces (search for similar items in EconPapers)
JEL-codes: C43 D63 I31 I32 N32 (search for similar items in EconPapers)
Date: 2016-06
New Economics Papers: this item is included in nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.csls.ca/reports/csls2016-05.pdf (application/pdf)

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:sls:resrep:1605

Ordering information: This working paper can be ordered from
http://www.csls.ca

Access Statistics for this paper

More papers in CSLS Research Reports from Centre for the Study of Living Standards 170 Laurier Ave. W, Suite 604, Ottawa, ON K1P 5V5. Contact information at EDIRC.
Bibliographic data for series maintained by CSLS ( this e-mail address is bad, please contact ).