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Centre for Policy on Ageing | |
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Changes in income within a cohort over the late life course
— evidence for income status convergence | | Author(s) | Steven G Prus |
| Journal title | Canadian Journal on Aging, vol 21, no 4, Winter 2002 |
| Pages | pp 495-504 |
| Keywords | Income [older people] ; Economic status [elderly] ; Middle aged ; Retired persons ; Longitudinal surveys ; Canada. |
| Annotation | Changes in the income status of individuals born between 1924 and 1928 are estimated by means of synthetic cohort methods. Using a series of cross-sectional data files from every fifth Canadian Survey of Consumers Finances (SCF), starting in 1978, the findings show that, from ages 50 to 64, people in this birth cohort with early life socio-economic status advantages (namely a high level of education) improve their absolute and relative income status position vis-à-vis others with status disadvantages. For ages 65 to 74, the economic well-being of individuals with status advantages and disadvantages converge. Since Canada's public pension programmes are relatively well developed in terms of comprehensiveness and generosity, they do a good job in countering the effects of status background characteristics on the distribution of income in old age. In the absence of these programmes (i.e. up to age 64), the relative position of those with a high level of education and other advantaged groups is strengthened. (RH). |
| Accession Number | CPA-030425222 A |
| Classmark | JF: F:W: SE: BB6: 3J: 7S |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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