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Books > Business & Economics > Economics > Econometrics > Economic statistics
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Distribution of Income and Wealth in Ontario - Theory and Evidence (Paperback)
Loot Price: R1,510
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Distribution of Income and Wealth in Ontario - Theory and Evidence (Paperback)
Series: Heritage
Expected to ship within 10 - 15 working days
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Distribution analysis has advanced remarkably in recent years, and
this is a valuable application of its principles to a Canadian
context. The book provides an extensive survey of recent literature
and a new source of income and wealth distribution data for
Ontario, drawn from newly available microdata sets. It also
presents an evaluation of the data as a basis for measuring
inequality in the distribution of economic and well-being. The
empirical results illustrate how incomes vary significantly with
age according to labour market attachment and experience,
educational attainment and occupation, transfer receipts, and
investment benefits. Similarly, strong age effects on net worth
account reflect life-cycle patterns in asset holdings and debts
typically associated with family investment in housing and
financial adjustments for retirement. Differences in family size
and composition have a substantial effect on the structure of
family economic well-being. The inequality effects of adjusting for
accrued capital gains and net worth holdings can also be quite
significant. It is found that the distributional effects of CPP net
benefits are considerable, although they are not as equalizing as
one may have expected because of marked cohort effects. The
detailed findings suggest that the life-cycle framework is a very
useful one for evaluating the distributional effects of certain
government programs, particularly intertemporal ones, and they
underline the need for a range of different types of policies to
address low income problems. The study urges greater recognition of
the inequality of treatment and opportunity among different groups
of the population. It also points out that conventional income
distribution figures are only very imperfect estimates of the state
of inequality in the underlying distribution of economic
well-being.
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