Centre for Policy on Ageing



Income inequality as a Canadian cohort ages — an analysis of the later life course
Author(s)	Steven G Prus
Journal title	Research on Aging, vol 22, no 3, May 2000
Pages	pp 211-237
Keywords	Income [older people] ; Poverty ; Economic status [elderly] ; Retirement ; Canada.
Annotation	Survey of Consumer Finances cross-sectional data from 1973 to 1996 are used in this article to examine Canadian trends in income inequality over the middle and later stages of the life course of a synthetic cohort born between 1922 and 1926. Using Gini coefficients, the findings show that income inequality decreases within a cohort as it grows old; that is, the Canadian retirement income system smoothes out (levels) the distribution of income in later life. The observed decrease in inequality corresponds with a decrease in income for earnings and an increase in income from earnings and an increase in dependency on state benefits. The progressive nature of public pension programmes in Canada increases the relative income share and the average income of the poorest older people. Moreover, cross-national comparisons of income inequality show that Canada exhibits a more equal distribution of income in old age compared to countries with similar old-age welfare systems, such as the US. (RH).
Accession Number	CPA-001023203 A
Classmark	JF: W6: F:W: G3: 7S
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...from the Ageinfo database published by Centre for Policy on Ageing.