Employment by choice and necessity among Canadian-born and immigrant seniors

René Morissette and Feng Hou

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

Abstract: As Canada’s population gets older and life expectancy keeps increasing, Canadian-born and immigrant seniors may alleviate downward pressures on the overall employment rate through their involvement in the labour market. Many seniors work past their mid-60s for various reasons. Some find it necessary to keep working because of inadequate retirement savings, mortgage payments, unforeseen expenses, or the responsibility to support children and other family members in Canada or abroad. Others choose to work to provide a sense of personal fulfillment, stay active and remain engaged. Working by choice rather than necessity may have important implications for the well-being of seniors. Furthermore, data on employment by choice and necessity may help employers and policy makers understand the factors that influence seniors’ retirement decisions. To shed light on this issue, this article uses data from the Labour Force Survey (LFS) and examines the degree to which Canadian-born and immigrant seniors aged 65 to 74 worked by choice or necessity in 2022

Keywords: employment; immigrant; seniors; labour market (search for similar items in EconPapers)
JEL-codes: J23 M21 (search for similar items in EconPapers)
Date: 2024-04-24
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024004/article/00002-eng.htm (text/html)
https://www150.statcan.gc.ca/n1/en/pub/36-28-0001/ ... -eng.pdf?st=YziFUq99 (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:stc:stcp8e:202400400002e

DOI: 10.25318/36280001202400400002-eng

Access Statistics for this paper

More papers in Economic and Social Reports from Statistics Canada, Analytical Studies and Modelling Branch Contact information at EDIRC.
Bibliographic data for series maintained by Mark Brown ().