The Recent Evolution of Retirement Patterns in Canada

49 Pages Posted: 12 Apr 2014

See all articles by Pierre Lefebvre

Pierre Lefebvre

University of Quebec at Montreal (UQAM) - Department of Economics

Philippe Merrigan

University of Quebec at Montreal (UQAM) - Department of Economics

Pierre-Carl Michaud

University of Quebec at Montreal (UQAM) - Department of Economics; Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPÉE); RAND Corporation, Labor and Population; IZA Institute of Labor Economics; Netspar

Multiple version iconThere are 3 versions of this paper

Date Written: April 29, 2011

Abstract

Using data from three waves of the General Social Survey on retirement and older workers (1994, 2002 and 2007), we document the evolution of retirement patterns over the last three decades. We combined the analysis of retirement ages of actual retirees with data on expected retirement ages of current workers to create a longer perspective on changes in retirement behaviour in Canada. We also investigate trends in work after retirement. Our findings are in line with findings from other countries. There is an upward trend in retirement ages which likely started around year 2000 for cohorts born after 1945. This trend contrasts with the slow decline in retirement ages observed prior to the end of the millennium. While the downward trend was likely due to factors such as the offering of early retirement programs in private firms, the upward trend is likely to be caused by a wider variety of sources, including better health, less pervasive defined benefit pensions and in general less generous pensions.

JEL Classification: -

Suggested Citation

Lefebvre, Pierre and Merrigan, Philippe and Michaud, Pierre-Carl, The Recent Evolution of Retirement Patterns in Canada (April 29, 2011). Netspar Discussion Paper No. 09/2011-125. Available at SSRN: https://ssrn.com/abstract=2423356 or http://dx.doi.org/10.2139/ssrn.2423356

Pierre Lefebvre

University of Quebec at Montreal (UQAM) - Department of Economics ( email )

P.O. Box 8888, Downtown Station
Montreal, Quebec H3C 3P8
Canada
514-987-3000 x8373 (Phone)
514-987-8494 (Fax)

Philippe Merrigan

University of Quebec at Montreal (UQAM) - Department of Economics ( email )

P.O. Box 8888, Downtown Station
Montreal, Quebec H3C 3P8
Canada

Pierre-Carl Michaud (Contact Author)

University of Quebec at Montreal (UQAM) - Department of Economics ( email )

P.O. Box 8888, Downtown Station
Montreal, Quebec H3C 3P8
Canada

Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPÉE) ( email )

Pavillon De Sève
Ste-Foy, Quebec G1K 7P4
Canada

RAND Corporation, Labor and Population ( email )

Santa Monica, CA 90407-2138
United States

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Netspar ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

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