{"id":8049,"date":"2023-07-23T08:03:08","date_gmt":"2023-07-23T12:03:08","guid":{"rendered":"https:\/\/creei.ca\/replacement-rates-of-public-pensions-in-canada-heterogeneity-across-socioeconomic-status\/"},"modified":"2023-11-22T15:49:09","modified_gmt":"2023-11-22T20:49:09","slug":"replacement-rates-public-pensions-canada","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/replacement-rates-public-pensions-canada\/","title":{"rendered":"Replacement Rates of Public Pensions in Canada: Heterogeneity across SocioEconomic Status"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><article class=\"node-789 node node-publications node-promoted view-mode-full node-by-viewer clearfix\">\n<div class=\"field field-name-body field-type-text-with-summary field-label-above\">\n<div class=\"field-label\">Short Summary:<\/div>\n<div>The importance of public pensions as an income source varies greatly according to socio-economic status. Using the Longitudinal and International Study of Adults, this paper analyzes how income replacement rates (RR) ensured by Old-Age Security (OAS), Guaranteed Income Supplement (GIS) and Canada\/Quebec Pension Plan (C\/QPP) benefits vary across socio-economic statuses. We compute and compare RR by socio-economic status, specifically considering the role of education, health, and living arrangements. The average RR provided by OAS\/GIS is 32% for individuals in bad health, and 21% for those who report being in good health. Adding C\/QPP benefits, these RR increase to 54% and 41%, respectively. We find that among couples, accounting for past income does not eliminate differences in RR by individuals\u2019 characteristics. We argue that assortative mating plays a role in explaining RR variation across individuals\u2019 characteristics.<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\"><\/div>\n<\/div>\n<\/div>\n<div class=\"field field-name-field-auteurs-publication field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Publication Authors: Nicholas-James Clavet, Mayssun El-Attar and Raquel Fonseca.<\/div>\n<\/div>\n<div class=\"field field-name-field-num-ro field-type-text field-label-inline clearfix\">\n<div class=\"field-label\">Number: 22-02<\/div>\n<\/div>\n<div class=\"field field-name-field-fichier field-type-file field-label-inline clearfix\">\n<div class=\"field-label\">File: <img decoding=\"async\" class=\"alignnone size-full wp-image-428\" src=\"https:\/\/creei.ca\/wp-content\/uploads\/2019\/07\/application-pdf.png\" alt=\"\" width=\"16\" height=\"16\" \/> <a href=\"https:\/\/creei.ca\/wp-content\/uploads\/2022\/04\/cahier_22_02_replacement_rates_public_pensions_canada.pdf\">cahier_22_02_replacement_rates_public_pensions_canada<\/a><\/div>\n<\/div>\n<div class=\"field field-name-field-ann-e field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Year: 2022<\/div>\n<\/div>\n<\/article>\n<div>*Scientific Publication : <a href=\"https:\/\/www.utpjournals.press\/doi\/full\/10.3138\/cpp.2022-030\" target=\"_blank\" rel=\"noopener\">Canadian Public Policy\/Analyse de politiques. doi.org\/10.3138\/cpp.2022-030<\/a><\/div>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8049","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/8049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/comments?post=8049"}],"version-history":[{"count":1,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/8049\/revisions"}],"predecessor-version":[{"id":8213,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/8049\/revisions\/8213"}],"wp:attachment":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/media?parent=8049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}