PEF home page and weblog
This fall, Canada’s Parliament will debate a proposal to expand the Canada Pension Plan (CPP). And over at the Behind the Numbers web site, I’m co-author of a blog post titled “Ten things to know about the CPP debate.” The blog post’s other co-authors are Allan Moscovitch and Richard Lochead. Points raised in the blog […]
Posted by Nick Falvo under Austerity, CPP, demographics, employment, income, income support, inequality, labour market, media, OECD, Old Age Security, older workers, part time work, pensions, population aging, poverty, privatization, progressive economic strategies, retirement, Role of government, self-employed, seniors, small business, social policy, taxation, unions.
October 29th, 2016
Over at the Behind the Numbers web site, Allan Moscovitch, David Macdonald and I have a blog post titled “Ten Things to Know About Federal Income Support for Low-Income Seniors in Canada.” The blog post argues—among other things—that if the age of eligibility for Old Age Security were to move from 65 to 67, the […]
Posted by Nick Falvo under aboriginal peoples, budgets, Canada, Conservative government, CPP, demographics, economic history, election 2015, federal budget, Federal elections 2015, fiscal federalism, Harper economics, income distribution, income support, Indigenous people, inequality, labour market, Old Age Security, older workers, pensions, population aging, poverty, retirement, Role of government, seniors, social policy.
August 29th, 2016
Over at the web site of the Calgary Homeless Foundation, I have a blog post titled: “Ten things to know about the 2016-17 Alberta budget.” The link to the post is here.
Posted by Nick Falvo under Alberta, budgets, carbon pricing, child benefits, climate change, corporate income tax, debt, demographics, energy, environment, federal budget, health care, homeless, housing, HST, income support, income tax, inflation, population aging, poverty, public services, seniors, social policy, taxation.
May 3rd, 2016
This afternoon I gave a presentation at Raising the Roofâ€™s Child & Family Homelessness Stakeholder Summit in Toronto. My slide deck can be downloaded here. To accompany the presentation, Iâ€™ve prepared the following list of â€œTen Things to Know About Homelessness in Canada.â€ 1.Efforts to enumerate persons experiencing homeless have generally been spotty, but it […]
Posted by Nick Falvo under aboriginal peoples, Alberta, Canada, cities, demographics, employment, Employment Insurance, fiscal policy, homeless, housing, income, income support, Indigenous people, labour market, macroeconomics, municipalities, Nunavut, Ontario, population aging, poverty, seniors, social policy, taxation, Toronto, unemployment.
September 17th, 2015
Cet aprÃ¨s-midi, jâ€™ai fait une prÃ©sentation au Child & Family Homelessness Stakeholder Summit, organisÃ© par Chez Toit, Ã Toronto. Ma presentation, illustrÃ©e de diapositives, peut Ãªtre tÃ©lÃ©chargÃ©e ici. Pour accompagner la prÃ©sentation, je vous ai prÃ©parÃ© la liste suivante: Â« Dix choses Ã savoir sur lâ€™itinÃ©rance au Canada. Â» 1. Les tentatives de dÃ©nombrer les […]
Posted by Nick Falvo under aboriginal peoples, Alberta, cities, demographics, Employment Insurance, fiscal policy, homeless, housing, income, income support, Indigenous people, labour market, macroeconomics, municipalities, Nunavut, population aging, poverty, seniors, social policy, taxation, Toronto, unemployment.
September 17th, 2015
It’s only been a couple of weeks since Disney, that most iconic of American companies, moved to displace all its home grown techies with low-cost foreign temporary workers. But the company had to beat a hasty retreat in the face of an outpouring of criticism. Amid the deluge of commentary this story triggered about where […]
Posted by Armine Yalnizyan under Conservative government, demographics, economic growth, employment, globalization, immigration, labour adjustment, labour market, migrant workers, population aging, skill shortages.
July 7th, 2015
The Harper government gives five reasons why Canadians ought to be happy with its proposal to double the maximum contribution to the Tax-Free Savings Account. Examine each of its points more closely, however, and itâ€™s clear that the TFSA carries far higher risks than rewards â€” for individual Canadians Â as well as for the economy […]
This afternoon, I gave a presentation on public policy responding to homelessness in Canada, with a focus on the past decade.Â I gave the presentation at this year’s annual conference of the Ontario Non-Profit Housing Association. Points I made in the presentation include the following: -Once inflation is accounted for, the current annual value of […]
This is my latest column for Canadian Business magazine.Â Giorgio, a hard-working, smart-as-a-whip University of Toronto student, asked me a great question after a recent guest lecture: What if the biggest challenge facing Canadian businesses and governments in the coming years isnâ€™t an aging society but the economic and fiscal drag of hundreds of thousands […]
Posted by Armine Yalnizyan under economic growth, economic risk, employment, labour adjustment, population aging, skill shortages, temporary workers, Uncategorized, unemployment, young workers.
April 11th, 2012
John Stapleton has an opinion piece out on Prime Minister Harper’s proposed changes to Old Age Security (OAS)Â and the Guaranteed Income Supplement (GIS). I find the following quote from Stapleton to be particularly troubling: By providing OAS and GIS at age 65, Canada has greatly reduced the incidence of poverty among seniors. By moving the […]
Posted by Nick Falvo under Conservative government, CPP, demographics, fiscal federalism, income support, Old Age Security, older workers, pensions, population aging, poverty, retirement, seniors, social policy.
February 19th, 2012
Canadian Press have put out a story based on a research paper by Richard Shillington which was commissioned by HRSDC from Informetrica, and obtained by the CLC through an Access to Information request. Receiving OAS is required to makes seniors eligible for the GIS top up, which provides one in three seniors with a supplement […]
To reprise a now topical earlier blog,Â hiking the age of eligibility for OAS will have the biggest impact by far on future seniors who are in low income. Many if not most of this group are unable to work due to disability or ill health. If the age of eligibility for OAS and GIS […]
Canada’s population, we are frequently told, is rapidly aging. The big baby boomer cohort is headed out of the workforce, meaningÂ that we face a future of very slow labour force growth and even possible shortages of workers. CIBC Economics has just gone so far as to argue that the Bank of Canada can afford […]
Arun Duboisâ€™ blog post yesterday on Modern Monetary Theory has prompted me to write my own take on the subject.Â For those interested, an interesting thumbnail sketch of MMT, essentially functional finance augmented by a full understanding of monetary operations, is explained here. While MMT deals with the details of monetary and fiscal matters, the […]
Posted by Keith Newman under debt, economic crisis, economic growth, employment, federal budget, financial crisis, fiscal policy, heterodox economics, monetary policy, population aging, unemployment.
August 12th, 2011
Boomers are getting blamed for an awful lot of fiscal problems these days. But blaming an aging population for healthcare costs spiraling out of control is misplaced. Missing opportunities to manage and contain costs is the real culprit. Take, for example, our spending on prescription drugs. Costs in that part of the healthcare system have […]
This article first appeared in the Globe and Mailâ€™s online feature Economy Lab on Friday. My thanks to all the commentators on this page for the great discussion of the topic. This week, the Minister of Immigration and Citizenship rightly noted that immigrants are Canadaâ€™s ticket to economic growth in the coming years. The untold […]
Jeffrey Simpson seems to favour the sensible option of CPP expansion, but also wants to raise the CPP retirement age. “Curiously, there seems to be an aversion among governments to easing future retirement costs by raising the age of retirement. Australia, France and the United States have already done so, lifting the age for future […]
I was recently trolling through Statistics Canada (LICO – After Tax) data on CANSIM and discovered to my slight surprise that the incidence of poverty (or low income as StatsCan politely prefers to describe it) has fallen very significantly among the elderly (age 65 and over.) I knew the rate was relatively low and had […]
Back in the 1960s and 1970s there was a big Canadian pensions debate, centred mainly on the issue of how to address the then pressing problem of poverty and income security in old age. It resulted in the launching of the contributory CPP/QPP and the improvement of the demogrant Old Age Security/ Guaranteed Income Supplement. […]
Todayâ€™s Ottawa Citizen has a good editorial on the existence of two publicly-funded school systems in several provinces. The original concept of one system for Protestants and another for Catholics has evolved into a “public”, secular system and a “separate” system that teaches some Roman Catholicism but is also attended by many non-Catholics. Many schools […]
The expert panel on older workers appointed by the Minister of Human Resources and Social Development has released a short discussion paper. http://www.ow-ta-sec.org/en/consultation/discussion_paper.shtml The background to this panel (promised in the 2006 Budget) was a political push in 2005 for an income support program for displaced older workers – a particularly hot topic in Quebec […]
http://research.cibcwm.com/economic_public/download/srpt_rrsp_022007.pdf An interesting piece on retirement savings from CIBC. It highlights the huge increase in unused RRSP contribution room in recent years, and the widening contribution gap between higher and lower income Canadians.Â As of 2005, the median total asset value of RRSPs held by pre retirement persons aged 55-65 was just $60,000 – hardly […]
Pierre Fortin, who I usually find to be an interesting economic commentator on public policy issues, makes the case for demographic apocolypse. i used to share that fear, but I’ve done some number crunching on this issue in the BC context (i.e. more seniors than the national average) and am not convinced that the problem […]