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Centre for Policy on Ageing | |
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Golden years or retirement fears?
— private pension inequality among Canada's immigrants | | Author(s) | Josh Curtis, Naomi Lightman |
| Journal title | Canadian Journal on Aging, vol 36, no 2, June 2017 |
| Publisher | Cambridge University Press, June 2017 |
| Pages | pp 178-195 |
| Source | http://cambridge.org/cjg |
| Keywords | Immigrants [elderly] ; Retirement ; Private pensions ; Economic status [elderly] ; Poor elderly ; Social inclusion ; Canada. |
| Annotation | Currently many immigrants are disqualified from Canada's public pension scheme because of residency requirements. In addition decades of low income and labour market exclusion prohibit many Canadian immigrants from building adequate private pension savings throughout their working life. Together these factors present serious concerns for immigrant seniors' economic well-being. Using Canadian census data spanning a 20-year period (1991-2011), this study found that income from personal savings plans and investments had declined sharply for both native-born and immigrant Canadians, with recent immigrant cohorts faring worst. However since 1991, native-born and immigrant men living in Canada for 40-plus years had major gains in private employer pensions (Registered Pension Plans, or RPPs). Yet RPP income for all other immigrant cohorts remained stable or declined during these decades. Thus the data demonstrate a worrisome growing private savings gap between native-born men and all others in Canada, with newer immigrants and women faring worst. (JL). |
| Accession Number | CPA-170728253 A |
| Classmark | F:TJ: G3: JK: F:W: F:W6: RNA: 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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