Saving and wealth : Épargne et richesse : caractère adéquat de l'épargne des ménages au Canada

The level of uncertainty will depend on several factors: the nature of the functional form used in the multivariate analysis; the type of econometric technique employed; the appropriateness of the statistical assumptions embedded in the model or technique; the comprehensiveness of the variables included in the analysis; and the accuracy of the data that are utilized. [...] Overall, the findings reveal that the median of observed wealth of the sample households that were 60 to 64 years old is higher than that of the simulated wealth from the model used in the study or 62% of the sample households have accumulated wealth exceeding the simulated median wealth implied by the life-cycle model used in this study. [...] Executive summary Population aging and the recent global financial crisis underscore the importance of the discussions of the adequacy of retirement preparation in Canada and the soundness of the Canadian retirement income system. [...] The overall risk of undersaving is small: only households below the 23rd percentile of the wealth distribution saved less than the simulated targets implied by the model. [...] J. be the stream of optimal consumption obtained from solving 9. The QPP, the Quebec Pension Plan, is the public pension plan in Quebec and is almost identical to the CPP.