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Fifteen Years of Wealth Disparities in Canada: New Trends or Simply the Status Quo?

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  • Michelle Maroto

Abstract

Despite the importance of credit markets in determining well-being, research on wealth inequality across groups in Canada has been limited. To address this gap, this paper documents disparities in net worth and home ownership over the past 15 years using three waves of the Canadian Survey of Financial Security (1999, 2005, and 2012). Beyond providing a basic discussion of wealth inequality in Canada, this study also highlights wealth disparities by Aboriginal identity, immigrant status, education, and disability status. My findings show that although aggregate wealth inequality has remained stable over this period, disparities have continued to grow for certain disadvantaged groups. Family households with adult immigrants, people with disabilities, and those with less education held less in net worth even after accounting for differences in age, earnings, and inheritance. In addition, mediation models that demonstrate the indirect effects of group membership on net worth also show larger disparities over time.

Suggested Citation

  • Michelle Maroto, 2016. "Fifteen Years of Wealth Disparities in Canada: New Trends or Simply the Status Quo?," Canadian Public Policy, University of Toronto Press, vol. 42(2), pages 152-167, June.
    • Handle: RePEc:cpp:issued:v:42:y:2016:i:2:p:152-167
    DOI: 10.3138/cpp.2015-040
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    Cited by:

    1. Michelle Maroto & Laura Aylsworth, 2017. "Assessing the Relationship Between Gender, Household Structure, and Net Worth in the United States," Journal of Family and Economic Issues, Springer, vol. 38(4), pages 556-571, December.
    2. Charles M. Beach, 2016. "Changing income inequality: A distributional paradigm for Canada," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(4), pages 1229-1292, November.
    3. Michelle Maroto, 2019. "Sharing or Limiting the Wealth? Coresidence, Parental Support, and Wealth Outcomes in Canada," Journal of Family and Economic Issues, Springer, vol. 40(1), pages 102-116, March.
    4. Maroto, Michelle Lee & Pettinicchio, David & Lukk, Martin, 2021. "Working Differently or Not at All: COVID-19’s Effects on Employment among People with Disabilities and Chronic Health Conditions," SocArXiv yjfse, Center for Open Science.

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