cover image: The retirement plans and expectations of non-retired Canadians aged 45 to 59

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The retirement plans and expectations of non-retired Canadians aged 45 to 59

21 Jun 2004

For example, Peter Hicks addresses this in terms of the declining proportion of the population that will be engaged in the production of goods and services and the implications this will have for the size of the ‘economic pie’(Hicks, 2002). [...] While a number of strategies may be used to maintain the size of the labour force, Hicks argues that “the only large pool of unused labour supply is among older people” and that “by far the greatest effects on the producer-consumer ratio would come through increases in the effective age of retirement.” (Hicks, 2002: 46). [...] Among women aged 55 to 59, the labour force participation rate has been on the rise for many years, although the increase has been greater in the last five years than it was through most of the 1980s and 1990s (Statistics Canada, 2002a).1 The median and average age of retirement have also stabilized after more than two decades of decline and the share of retirement in Canada that occurs before the [...] The target population for the 2002 GSS was all persons 45 years of age and over residing in Canada, excluding residents of Nunavut, the Yukon and Northwest Territories, and full-time residents of institutions (see Appendix One for a description of the survey). [...] In essence, this question provides retrospective information on the adequacy of financial retirement preparations that were made in the past and provides an interesting benchmark against which to compare the prospective views of individuals now approaching the retirement transition.
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Authors

Schellenberg, Grant

ISBN
0662370899
Pages
44
Published in
Canada

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