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The Distribution of Income and Wealth in Canada in a Lifecycle Framework
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The Distribution of Income and Wealth in Canada in a Lifecycle Framework
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The Distribution of Income and Wealth in Canada in a Lifecycle Framework
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Journal Article
The Distribution of Income and Wealth in Canada in a Lifecycle Framework
1980
Overview
In this paper, the distribution of lifetime purchasing power for a large sample of Canadian households is examined. The study differs from most distributional studies in two ways. First, it annuitizes an estimate of lifecycle earnings and so is capable of encompassing variations in earnings which occur over the lifecycle. Second, it focuses on the joint distribution of income and wealth in that the annuity distribution generated incorporates both lifecycle earnings and net assets. The degree of inequality associated with the distribution of annuities is found to be less than that associated with the more traditional measures of inequality, such as the distribution of wealth or income or earnings. /// La répartition du revenu et de la richesse au Canada dans le cadre d'un modèle du cycle de vie. L'auteur examine la distribution du pouvoir d'achat pendant le cycle de vie pour un échantillon de ménages canadiens. Cette étude diffère des autres études de répartition conventionnelles de deux façons: d'une part elle annualise une évaluation des gains durant le cycle de vie et donc est en mesure de tenir compte des variations dans les gains ou revenus au cours du cycle de vie; d'autre part, l'étude met l'accent sur la répartition conjointe du revenu et de la richesse (l'annualisation tient compte non seulement des revenus ou gains tout au long du cycle de vie mais aussi des actifs nets). Il ressort de l'étude que l'inégalité dans la répartition des annuités est moindre que celle qui est associée aux mesures conventionnelles de l'inégalité comme la répartition de la richesse, du revenu ou des gains.
