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Public pension and wealth inequality in Canada

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  • Abul Shamsuddin

Abstract

A methodology for estimating public pension wealth is presented and employed to cross-sectional data of Canadian households. Public pension wealth is measured as the present value of the future stream of benefits from public retirement savings plans in Canada. These plans include the Canada/Quebec pension plan, old age security and guaranteed income supplements. The results show that public pension wealth constituted 47% of household entitlement wealth and that the provision of public pension benefits significantly reduced wealth inequality in Canada.

Suggested Citation

  • Abul Shamsuddin, 2001. "Public pension and wealth inequality in Canada," Applied Economics Letters, Taylor & Francis Journals, vol. 8(5), pages 315-320.
    • Handle: RePEc:taf:apeclt:v:8:y:2001:i:5:p:315-320
    DOI: 10.1080/135048501750157503
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    References listed on IDEAS

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    1. Dicks-Mireaux, Louis & King, Mervyn, 1984. "Pension wealth and household savings: Tests of robustness," Journal of Public Economics, Elsevier, vol. 23(1-2), pages 115-139.
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    2. Bönke, Timm & Grabka, Markus M. & Schröder, Carsten & Wolff, Edward N., 2020. "A Head-to-Head Comparison of Augmented Wealth in Germany and the United States," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 122(3), pages 1140-1180.
    3. Carlo Mazzaferro & Stefano Toso, 2009. "The Distribution Of Total Wealth In Italy: 1991–2002," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(3), pages 779-802, September.

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