ECON 361: Income Distributions and Problems of Inequality
|
|
- Sylvia Kennedy
- 5 years ago
- Views:
Transcription
1 ECON 361: Income Distributions and Problems of Inequality David Rosé Queen s University January 29, /1
2 Last class... Taxes and Transfers The Tale of the Tails Today... Assignment 1 posted Inequality in Canada Wealth Inequality by Province Canadian Inequality: Recent Developments and Policy Options 2/1
3 Assignment 1 is Live! Posted on the website - you can also find a guide to Question 4 (Stata) Stata Tutorials: Jan. 30th (tomorrow) from 10:00 to 11:30am Feb. 2nd (Friday) from 4:00 to 5:30pm 3/1
4 Wealth Inequality by Province (Chawla, 2004) Motivation: please! fill me in Methodology me too 4/1
5 Wealth Inequality: some basics What is it? How does it differ from income inequality? 5/1
6 Why is wealth inequality interesting? Income measures short-term flows that affect consumption and saving. Wealth measures surplus accumulated by families. It might be a better indicator of long-run well-being. Defining Wealth: Main breakdown is between marketable components that can be traded and transfered across people Savings accounts, stocks, bonds, real estate, durable goods, etc. 2. non-marketable components that can t be bought and sold for their NPV. Namely, employer pension plans (only employees and their survivors can draw from the plan) 6/1
7 Wealth inequality by province Wealth inequality by province Table 1: Family wealth by income decile Canada N.L. P.E.I. N.S. N.B. Que. Ont. Man. Sask. Alta. B.C. % Total Table 1: Family wealth by income decile Lowest Second Canada 0.2 N.L. 0.2 P.E.I. 0.2 N.S. 0.3 N.B. 0.2 Que. 0.2 Ont. 0.2 Man. 0.3 Sask. 0.3 Alta. 0.2 B.C. 0.1 Third Fourth % Fifth Total Sixth Lowest Seventh Second Eighth Third Ninth Fourth Highest Fifth Sixth Mean Seventh wealth $ Lowest Eighth decile -6, , , , , , , , , , , Highest Ninth decile 1,320, , ,029, , , ,184, ,386, ,084, ,067, ,422, ,542, Highest Mean income Lowest Mean wealth decile 6,200 6,900 8,000 6,300 6,900 5,700 $ 7,600 7,600 5,000 6,200 4,000 Highest Lowest decile decile 151,200-6, ,000-15, ,500-5, ,000-4, ,200-6, ,000-9, ,500-6, ,100-5, ,300-6, ,700-4, ,300-7,600 Highest decile 1,320, ,500 1,029, , ,000 1,184,800 1,386,700 1,084,100 1,067,000 1,422,800 1,542,600 % Families Mean income Total Lowest wealth decile 6, , , , , , , , , , , Total income /1 Highest decile 151, , , , , , , , , , ,300
8 Some stylized facts: If we look at the lowest decile, these families had negative wealth (i.e. they were, on average, in debt). The share of wealth held by the top 10% varied between 42% in Nova Scotia to 52% in Alberta. In the top decile, most families had over $1,000,000. 8/1
9 The wealth gap between top and bottom deciles was smallest in Newfoundland and Labrador, and largest in British Columbia. 9/1
10 More stylized facts Wealth inequality is, in general, much higher than income inequality (just look at the Theil indices). The share of wealth held by each decile is increasing in the deciles. 10/1
11 Based on the Theil index, inequality is highest in Alberta and British Columbia and lowest in Nova Scotia and Saskatchewan. 11/1
12 British Columbia. 45% for those with incomes of $100,000 or more Table 2: Wealth inequality by selected family characteristics* Canada N.L. P.E.I. N.S. N.B. Que. Ont. Man. Sask. Alta. B.C. Total inequality (Theil s T) Pre-tax income % Between groups Within groups Homeownership Between groups Within groups Age of major income recipient Between groups Within groups Employer pension plan Between groups Within groups Business ownership Between groups Within groups Source: Survey of Financial Security, 1999 *Excludes families with negative or zero wealth. September 2004 PERSPECTIVES 16 Statistics Canada Catalogue no XIE 12/1
13 Wealth inequality by province Table 3: Decomposition of wealth inequality* Canada N.L. P.E.I. N.S. N.B. Que. Ont. Man. Sask. Alta. B.C. Total inequality (Theil s T) Between groups Income Homeownership Business ownership Interaction term Within groups Source: Survey of Financial Security, 1999 * Excludes families with negative or zero wealth. % Data source and definitions The analysis is based on the Survey of Financial Security (SFS), conducted between May and July The sample consisted of 23,000 dwellings from the 10 provinces 21,000 from a regular area sample and 2,000 from of the methodology used to estimate such savings can be found in Survey of Financial Security: Methodology for estimating the value of employer pension plan benefits (Statistics Canada catalogue no. 13F0026MIE Em- 13/1
14 a higher rate of business ownership as well as a higher ation in family income across the country. However, Table 4: Share of provincial wealth inequality by selected family characteristics* Canada N.L. P.E.I. N.S. N.B. Que. Ont. Man. Sask. Alta. B.C. Total wealth Share (%) inequality Pre-tax income Distribution (%) Under $25, $25,000 - $49, $50,000 - $99, $100,000 and over Homeownership status Renter Owner Without mortgage With mortgage Age of major income recipient Under to and over Employer pension plan No Yes Business ownership No Yes Source: Survey of Financial Security, 1999 * Excludes families with negative or zero wealth. September 2004 PERSPECTIVES 18 Statistics Canada Catalogue no XIE 14/1
15 Some findings: Wealth is more unequally distributed than income. (shocking!) In six provinces homeownership ranked higher than income in explaining wealth! Employer pension plans are associated with quite a lot of wealth inequality. 15/1
16 Canadian Inequality (Fortin et al., 2012) Motivation: please! fill me in Methodology me too 16/1
17 FIGURE 1 Canadian Inequality Trends Gini Coefficient Year Market Income Disposable Income Source: Statistics Canada, CANSIM Table /1
18 Some observations: 1. Market income inequality has increased between 1980 and In 1980 the top 20% of income earners received 45% of total income earnings. This increased to 52% in Inequality has a tendency to increase during recessions. People at the lower end of the distribution tend to be affected disproportionately by a weak labour market. 3. After-tax-and-transfer income exhibits significantly less inequality than the pre-tax income (due to tax/transfer system). 4. Frenette, Green and Milligan (2009) argue that the tax system was not inherently progressive to begin with. = political will to respond to inequality led to increased redistribution. 18/1
19 FIGURE 2 Changes in Log Weekly Wage by Percentile Changes from 1980 to Log Weekly Wage Differential Quantile Males Females Source: Authors calculations from census data from Green and Sand (2011). 19/1
20 Wages at the top of the distribution grew much more than wages at the bottom. The growth in women s wages was larger than that of men s at every point in the distribution. 20/1
21 FIGURE 3 Changes in Log Hourly Wages by Percentile A. Changes from to Log Wage Differential Quantile Males Females B. Changes from to /1
22 To analyze recent developments in inequality in Canada the authors use data from the Labour Force Survey (hourly wages). From : For both men and women, wages at the top increased more than wages at the bottom. Women s wages rose more than men s. 22/1
23 Quantile B. Changes from to Log Wage Differential Quantile Males Females Source: Authors calculations using hourly wages from the Labour Force Survey from Deflated using the monthly CPI series V from CANSIM. 23/1
24 From : Real wages grew approx. 6% for men and 8% for women. Wages increased more at the bottom than the top. 24/1
25 25/1 FIGURE 4 Share of Total Income in Canada, Richest 1 Percent 20% 18% 16% 14% 12% 10% 8% 6% Year Source: Saez and Veall (2005), updated using data provided by Michael Veall, 4 April 2012.
26 Test your intuition! Who are the 1 percent? (2006 census data) 1. Annual income to be in the club? 2. % of 1-percenters that are male? 3. Average income within the top 1 percent? 4. % of 1-percenters that have completed at least a bachelor s degree? 5. Occupational breakdown: 5.1 Finance and insurance? 5.2 Senior managers and CEOs? 5.3 Physicians, Vets, and Dentists? 5.4 Other (public servants, entrepreneurs,...)? 26/1
27 TABLE 1 Characteristics of Top Income Earners (Top 1 Percent), 2006 Canadian Census Top 1% All Individuals Mean income $452,887 $36,837 Share of employment income 69.9% 82.7% Men 82.7% 48.4% Work 50 hours or more a week 52.2% 18.6% Education Less than a bachelor s degree 41.8% 81.0% Bachelor s degree 28.1% 12.3% Medicine, dentistry, veterinary 8.4% 0.5% Other post-graduate degrees 21.7% 6.2% Age groups Under % 28.8% % 54.5% Over % 16.7% Selected occupations Senior management 14.1% 0.9% Other management 19.1% 6.1% Professionals in health 11.6% 2.0% Prof. business and finance 7.1% 1.8% Selected industries Mining, oil, and gas 4.6% 1.0% Finance and insurance 10.0% 3.0% Prof., scientific, and technical 15.8% 4.9% Note: Authors calculations based on the public use files of the 2006 Census. Sample size is 656,884 individuals age 15 and above. The 99th percentile of the income distribution is $230,000. The top 1 percent includes all individuals earnings $230,000 and more. The selected occupations and industries are those with the highest fraction of workers in the top 1 percent. 27/1
28 Some facts: Average income amongst the top one percent is $450,000 (min is $230,000). 83% of the top one percent are men. Education matters, but hard work pays off. Finance and insurance accounts for just 10% of the top 1%. 28/1
29 Factors that could affect inequality: Education Age Minimum wage Unions Technological change Gender 29/1
30 FIGURE 5 Women s Labour Force Participation and Gender Pay Ratio 80% 75% 70% 65% 60% 55% 50% 45% 40% Year Labour Force Participation Rate Female/Male Average FTFY Earnings (Women Age 15 to 64) Source: Authors calculations from the following CANSIM series: V , the participation rate of females, 15 to 64 years; V and V , the average earnings of full year, full time workers, females and males, respectively. 30/1
31 FIGURE 6 Female-to-Male Hourly Wage Ratio 100% 90% 80% 70% 60% 50% 40% Year 10th percentile 50th percentile 90th percentile Source: Hourly wage calculated from the Survey of Consumer Finances and and from the Labour Force Survey from In the SCF, the hourly wage ratio is computed for a restricted sample of workers who report being with the current employer for more than one year. 31/1
32 Policy options: 1. Use the tax and transfer system to redistribute income and to curb the increasing trends in market inequality. Increase marginal tax rate for highest earners. Increase refundable tax credits/benefits for lowest earners. 2. Directly influence the pre-tax distribution of income. Increase the minimum wage. Increase educational attainment, particularly high school graduation rate. Collect better (and more up to date) information about different labour markets to help inform university students. 32/1
2017 Alberta Labour Force Profiles Youth
2017 Alberta Labour Force Profiles Youth Highlights Population Statistics Labour Force Statistics 4 th highest proportion of youth in the working age population 1. 16.3% MB 2. 15.3% ON 2. 15.2% SK 4. 14.9%
More informationHighlights. For the purpose of this profile, the population is defined as women 15+ years.
A L B E R T A L A B O U R F O R C E P R O F I L ES Women 2014 Highlights For the purpose of this profile, the population is defined as women 15+. Working Age Population of Women in Alberta The number of
More informationAlberta Labour Force Profiles
Alberta Labour Force Profiles 2011 Highlights For the purpose of this profile, youth are defined as persons aged 15 to 24 years. 1. Alberta Population Statistics Among the provinces, Alberta had the third
More informationPost-Secondary Education, Training and Labour August New Brunswick Minimum Wage Factsheet 2017
Post-Secondary Education, Training and Labour August 2017 New Brunswick Minimum Wage Factsheet 2017 Contents PART 1 - Minimum Wage Rates in New Brunswick... 3 1.1 Recent History of Minimum Wage in New
More information2016 Alberta Labour Force Profiles Women
2016 Alberta Labour Force Profiles Alberta s Highlights Population Statistics Labour Force Statistics lowest percentage of women in the working age population 1. 51.7% NS 2. 51.5% PEI 9. 49.6% SK 10. 49.3%
More informationApril An Analysis of Nova Scotia s Productivity Performance, : Strong Growth, Low Levels CENTRE FOR LIVING STANDARDS
April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Nova Scotia s Productivity Performance,
More informationApril An Analysis of Prince Edward Island s Productivity, : Falling Multifactor Productivity Dampens Labour Productivity Growth
April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Prince Edward Island s Productivity,
More information151 Slater Street, Suite 710 Ottawa, Ontario K1P 5H , Fax September, 2012
August 2012 151 Slater Street, Suite 710 Ottawa, Ontario K1P 5H3 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS THE ALBERTA PRODUCTIVITY STORY, 1997-2010 September,
More informationCHAPTER 4: GROWTH, UNEMPLOYMENT, AND INFLATION
CHAPTER 4: GROWTH, UNEMPLOYMENT, AND INFLATION CIA4U Unit 2 Macroeconomics: Economic Indicators Statistics Canada keeps track of the labour force through a monthly survey of about 58,000 households who
More information2017 Annual Alberta Labour Market Review
2017 Annual Alberta Labour Market Review Employment. Unemployment. Economic Regions Migration. Indigenous People. Industries Occupations. Education. Demographics Employment Employment grew by 1. in Alberta
More information2012 Annual Alberta Labour Market Review
2012 Annual Alberta Labour Market Review Employment. Unemployment. Economic Regions. Migration Aboriginal People. Industries. Occupations. Education. Demographics Employment Alberta has the highest employment
More informationPost-Secondary Education, Training and Labour Prepared May New Brunswick Minimum Wage Report
Post-Secondary Education, Training and Labour Prepared May 2018 2018 New Brunswick Minimum Wage Report Contents Section 1 Minimum Wage Rates in New Brunswick... 2 1.1 Recent History of Minimum Wage in
More informationPost-Secondary Education, Training and Labour Prepared November New Brunswick Minimum Wage Report
Post-Secondary Education, Training and Labour Prepared November 2018 2018 New Brunswick Minimum Wage Report Contents Section 1 Minimum Wage Rates in New Brunswick... 2 1.1 Recent History of Minimum Wage
More informationAlberta Minimum Wage Profile April March 2018
Alberta Minimum Wage Profile April 2017 - March 2018 Introduction The Alberta Minimum Wage Profile presents current information on persons whose average hourly earnings 1 are at or below minimum in Alberta
More informationReleases. New products and studies 8
Catalogue 11-001-X (ISSN 1205-9137) Monday, March 12, 2012 Released at 8:30 a.m. Eastern time Releases Canada s international investment position, fourth 2011 2 Canada s net foreign debt was up $34.7 billion
More informationLecture 4: Taxation and income distribution
Lecture 4: Taxation and income distribution Public Economics 336/337 University of Toronto Public Economics 336/337 (Toronto) Lecture 4: Income distribution 1 / 33 Introduction In recent years we have
More informationIs There a Roemer s Law for Physicians? Physician Numbers As a Driver of Provincial Government Health Spending
Is There a Roemer s Law for Physicians? Physician Numbers As a Driver of Provincial Government Health Spending Livio Di Matteo Lakehead University A paper prepared for the Rimini Conference in Economics
More informationApril 2011 CENTRE FOR LIVING STANDARDS. CSLS Research Report i. Christopher Ross THE STUDY OF
April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Alberta s Productivity, 1997-2007: Falling
More informationJanuary 12, Minimum Wage Review Committee Report
January 12, 2012 Minimum Wage Review Committee Report Honourable Marilyn More Minister of Nova Scotia Labour and Advanced Education 5151 Terminal Road, 6th Floor Halifax, Nova Scotia B3J 2T8 Dear Minister
More informationAlberta Minimum Wage Profile April March 2017
Alberta Minimum Wage Profile April 2016 - March 2017 Introduction The Alberta Minimum Wage Profile presents current information on persons whose average hourly earnings 1 are at or below minimum wage in
More informationApril An Analysis of Saskatchewan s Productivity, : Capital Intensity Growth Drives Strong Labour Productivity Performance CENTRE FOR
April 2011 111 Sparks Street, Suite 500 Ottawa, Ontario K1P 5B5 613-233-8891, Fax 613-233-8250 csls@csls.ca CENTRE FOR THE STUDY OF LIVING STANDARDS An Analysis of Saskatchewan s Productivity, 1997-2007:
More informationDecember 8, Minimum Wage Review Committee Report
December 8, 2009 Minimum Wage Review Committee Report Honourable Marilyn More Minister of Nova Scotia Labour and Workforce Development 5151 Terminal Road, 6th Floor Halifax, Nova Scotia B3J 2T8 Dear Minister
More informationCONSUMER PRICE INDEX REPORT OCTOBER 2017
CONSUMER PRICE INDEX REPORT OCTOBER 2017 M A N I T O B A B U R E A U O F S T A T I S T I C S RIGHT ANSWERS RIGHT NOW November 17, 2017 CONTENTS SUMMARY CHART 1 - ANNUAL INFLATION RATE: MANITOBA AND CANADA
More informationCatalogue no XIE. Income in Canada. Statistics Canada. Statistique Canada
Catalogue no. 75-202-XIE Income in Canada 2000 Statistics Canada Statistique Canada How to obtain more information Specific inquiries about this product and related statistics or services should be directed
More informationDELIVERING DIVIDENDS OF A STRONG ECONOMY
DELIVERING DIVIDENDS OF A STRONG ECONOMY On February 21, 2017, Finance Minister Michael de Jong presented the province s fifth successive balanced budget. With a provincial election scheduled for May 9th,
More informationCatalogue no XIE. Income in Canada
Catalogue no. 75-202-XIE Income in Canada 2005 How to obtain more information Specific inquiries about this product and related statistics or services should be directed to: Income in Canada, Statistics
More informationBC JOBS PLAN ECONOMY BACKGROUNDER. Current statistics show that the BC Jobs Plan is working: The economy is growing and creating jobs.
We know that uncertainty continues to remain in the global economy and we expect to see some monthly fluctuations in jobs numbers. That is why we will continue to create an environment that is welcoming
More informationTAX FACTS What s Inside. Quick Estimates. RRSP, RPP and DPSP Limits. Top Personal Rates for CPP, EI and QPIP Rates
1 Tax Q&A: Tax Planning Strategies for Cottage Owners BDO CURRENT TO OCTOBER 1, 2018 www.bdo.ca TAX FACTS 2018 Tax Facts 2018 provides you with a summary of 2018 personal income tax rates and amounts,
More informationEstimated total job losses from 10% minimum wage increase across all provinces Upper Bound 321,300 Lower Bound 92,300 Source: CFIB calculations from Statistic Canada s 2009 Labour Force Survey data. iv
More informationJune Decentralization, Provincial Tax Autonomy and Equalization in Canada
June 20081 Decentralization, Provincial Tax Autonomy and Equalization in Canada Overview What are the interrelationships/connections between the high degree of tax decentralization and provincial tax autonomy
More informationSummary Public School Indicators for the Provinces and Territories, to
Catalogue no. 81-9-MIE No. 44 ISSN: 1711-831X ISBN: -662-43681-4 Research Paper Culture, Tourism and the Centre for Education Statistics Summary Public School Indicators for the Provinces and Territories,
More informationThe Current and Future Contribution of the Aboriginal Community to the Economy of Saskatchewan
1 The Current and Future Contribution of the Aboriginal Community to the Economy of Saskatchewan Andrew Sharpe, Executive Director Centre for the Study of Living Standards Saskatchewan Association of Health
More informationIntroduction to Economic Growth, Unemployment, and Inflation McGraw-Hill Ryerson Ltd. Macroeconomics, Chapter 6 1
Introduction to Economic Growth, Unemployment, and Inflation 2005 McGraw-Hill Ryerson Ltd. Macroeconomics, Chapter 6 1 In this chapter you will learn 6.1 The definition and causes of economic growth 6.2
More informationAlberta Self-Employment Profile
Alberta Self-Employment Profile 2016 Overview Self-employment represents the entrepreneurial spirit of Alberta. This spirit is at the heart of Alberta s vibrant economy. By creating employment, producing
More informationLABOUR FORCE STATISTICS REPORT MAY 2018
LABOUR FORCE STATISTICS REPORT MAY 2018 MANITOBA BUREAU OF STATISTICS JUNE 8, 2018 CHARTS 1. UNEMPLOYMENT RATES, CANADA AND PROVINCES 2. YOUTH UNEMPLOYMENT RATES, CANADA AND PROVINCES 3. TOTAL EMPLOYMENT,
More informationAlberta s Labour Productivity Declined in 2016
ECONOMIC COMMENTARY Alberta s Labour Productivity Declined in 2016 Highlights: The 2015/2016 recession and the Fort Mc Murray forest fires caused Alberta s labour productivity to decline again in 2016
More information2014 MINIMUM WAGE RATE ANNUAL REPORT
DEPARTMENT OF JUSTICE 2014 MINIMUM WAGE RATE ANNUAL REPORT PREPARED BY: POLICY & PLANNING DIVISION DEPARTMENT OF JUSTICE BACKGROUND INFORMATION The Nunavut Labour Standards Act (the Act ) regulates employment
More informationLABOUR FORCE STATISTICS REPORT APRIL 2018
LABOUR FORCE STATISTICS REPORT APRIL 2018 MANITOBA BUREAU OF STATISTICS MAY 11, 2018 CHARTS 1. UNEMPLOYMENT RATES, CANADA AND PROVINCES 2. YOUTH UNEMPLOYMENT RATES, CANADA AND PROVINCES 3. TOTAL EMPLOYMENT,
More informationLABOUR FORCE STATISTICS REPORT OCTOBER 2018
LABOUR FORCE STATISTICS REPORT OCTOBER 2018 MANITOBA BUREAU OF STATISTICS NOVEMBER 2, 2018 CHARTS 1. UNEMPLOYMENT RATES, CANADA AND PROVINCES 2. YOUTH UNEMPLOYMENT RATES, CANADA AND PROVINCES 3. TOTAL
More informationLABOUR FORCE STATISTICS REPORT AUGUST 2018
LABOUR FORCE STATISTICS REPORT AUGUST 2018 MANITOBA BUREAU OF STATISTICS SEPTEMBER 7, 2018 CHARTS 1. UNEMPLOYMENT RATES, CANADA AND PROVINCES 2. YOUTH UNEMPLOYMENT RATES, CANADA AND PROVINCES 3. TOTAL
More informationALBERTA PROFILE: YOUTH IN THE LABOUR FORCE
ALBERTA PROFILE: YOUTH IN THE LABOUR FORCE Highlights Statistics Canada defines youth as those people between the ages of 15-24 years. 1 1. Youth Labour Force Statistics Over one quarter of Canada s increase
More informationFebruary 22, Minimum Wage Review Committee Report
February 22, 2011 Minimum Wage Review Committee Report Honourable Marilyn More Minister of Nova Scotia Labour and Advanced Education 5151 Terminal Road, 6th Floor Halifax, Nova Scotia B3J 2T8 Dear Minister
More informationALBERTA PROFILE: YOUTH
ALBERTA PROFILE: YOUTH IN THE LABOUR FORCE Prepared By:, Data Development and Evaluation Released: June 2003 Highlights Statistics Canada defines youth as those people between the ages of 15-24 years.
More informationIncome Gap Decomposition for the Canadian Provinces, 1966 to Pedro Despouy
Income Gap Decomposition for the Canadian Provinces, 1966 to 27 Pedro Despouy January 2 Département des Sciences Économiques Université de Montréal Abstract In this paper we decompose the income gap of
More informationWorking for minimum wage
Working for minimum wage (IS 894 A1) Winter 1989 (Vol. 1, No. 3) Working for minimum wage Ernest B. Akyeampong Canadian attempts at regulating wages started with the federal "Fair Wages Policy" of 1900.
More informationEmployment Insurance. EI Monitoring and Assessment Report CEIC E
Employment Insurance 2012 EI Monitoring and Assessment Report CEIC-001-03-13E March 2013 The Honourable Diane Finley Minister of Human Resources and Skills Development Place du Portage, Phase IV 140 Promenade
More informationOverview of Social & Economic Trends
Overview of Social & Economic Trends 2 Objectives Provide an overview on what s happening in the external environment Relate this information to DCS and its programs Get feedback regarding your information
More informationCatalogue no XIE. Income in Canada. Statistics Canada. Statistique Canada
Catalogue no. 75-202-XIE Income in Canada 1999 Statistics Canada Statistique Canada How to obtain more information Specific inquiries about this product and related statistics or services should be directed
More informationInter-provincial wealth inequality in Canada. Raj K. Chawla
Session Number: Session Title: Paper Number: Session Organizer: Discussant: Paper Prepared for the 28 th General Conference of The International Association for Research in Income and Wealth Cork, Ireland,
More informationPhysician Services Analysis
Physician Services Analysis The following slides were prepared by KPMG on behalf of Alberta Health. All inter-provincial comparisons are based on data published by the Canadian Institute for Health Information
More informationThe Impact of Redistribution on Income Inequality in Canada and the Provinces,
September 2012 151 Slater Street, Suite 710 Ottawa, Ontario K1P 5H3 613-233-8891, Fax 613-233-8250 csls@csls.ca Centre for the Study of Living Standards The Impact of Redistribution on Inequality in Canada
More informationShort- Term Employment Growth Forecast (as at February 19, 2015)
Background According to Statistics Canada s Labour Force Survey records, employment conditions in Newfoundland and Labrador showed signs of weakening this past year. Having grown to a record level high
More informationSource(s): Statistics Canada, Cansim Table , Seasonally Adjusted
Monthly Headlines Low Loonie Not Increasing Canadian Manufacturing Employment... Yet. From June to July, total employment fell by 600 (-0.3%) to 236,500 on a seasonally adjusted basis. i While full-time
More informationConsumer Price Index. Highlights. Manitoba third highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, December 2018
MBS Reports C o n s u m e r P r i c e I n d e x, D e c e m b e r 2 0 1 8 1 Consumer Price Index D e c e m b e r 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.1% on a
More informationThe Sustainability of Canadian Provincial Government Health Spending: An Expenditure Category Approach
The Sustainability of Canadian Provincial Government Health Spending: An Expenditure Category Approach Livio Di Matteo, Economics, Lakehead University Presentation Prepared for the Meetings of the Canadian
More informationTHE GROWTH OF FAMILY EARNINGS INEQUALITY IN CANADA, and. Tammy Schirle*
roiw_377 23..39 Review of Income and Wealth Series 57, Number 1, March 2011 THE GROWTH OF FAMILY EARNINGS INEQUALITY IN CANADA, 1980 2005 by Yuqian Lu and René Morissette Statistics Canada and Tammy Schirle*
More informationAugust 2015 Aboriginal Population Off-Reserve Package
Labour Force Statistics Aboriginal Population Off-Reserve Package Package Includes: - Information for all Aboriginal people, First Nations and Métis - Working age population, labour force, employment,
More informationOctober 2016 Aboriginal Population Off-Reserve Package
Labour Force Statistics Aboriginal Population Off-Reserve Package Package Includes: - Information for all Aboriginal people, First Nations and Métis - Working age population, labour force, employment,
More informationComparing Ontario s Fiscal Position with Other Provinces
Comparing Ontario s Fiscal Position with Other Provinces Key Points In 2017, the Ontario provincial government received $10,415 in total revenue per person 1, the lowest in the country. Despite the lowest
More informationConsumer Price Index. Highlights. Manitoba second highest among provinces. MBS Reports C o n s u m e r P r i c e I n d e x, M a r c h
MBS Reports C o n s u m e r P r i c e I n d e x, M a r c h 2 0 1 9 1 Consumer Price Index M a r c h 2 0 1 9 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.3% on a year-overyear
More informationChanges in Wage Inequality in Canada: An Interprovincial Perspective
Changes in Wage Inequality in Canada: An Interprovincial Perspective Nicole M. Fortin, and Thomas Lemieux, Vancouver School of Economics, University of British Columbia Abstract. This paper uses the Canadian
More informationProvincial Taxation of High Incomes: What are the Impacts on Equity and Tax Revenue?
Provincial Taxation of High Incomes: What are the Impacts on Equity and Tax Revenue? Kevin Milligan Vancouver School of Economics University of British Columbia Michael Smart Department of Economics University
More informationThe Minimum Wage, Turnover, and the Shape of the Wage Distribution
The Minimum Wage, Turnover, and the Shape of the Wage Distribution Pierre Brochu David A. Green Thomas Lemieux James Townsend January 6 2018 Introduction In recent years, the minimum policy has played
More information2001 COOPERATIVE CREDIT ASSOCIATIONS - (in thousands of dollars) TABLE 1 - ASSETS
TABLE 1 - ASSETS British Columbia Ontario Ltd. Nova Scotia Alberta Canada Cash resources 0 28,905 5 19,473 2,622 Deposits with regulated financial institutions.. 532,821 32,743 160,372 8,802 0 Securities
More informationApril 2017 Alberta Indigenous People Living Off-Reserve Package
Labour Force Statistics Alberta Indigenous People Living Off-Reserve Package Package Includes: - Information for all Indigenous people, First Nations and Métis - Working age population, labour force, employment,
More informationNovember 2017 Alberta Indigenous People Living Off-Reserve Package
Labour Force Statistics Alberta Indigenous People Living Off-Reserve Package Package Includes: - Information for all Indigenous people, First Nations and Métis - Working age population, labour force, employment,
More informationDecember 2017 Alberta Indigenous People Living Off-Reserve Package
Labour Force Statistics Alberta Indigenous People Living Off-Reserve Package Package Includes: - Information for all Indigenous people, First Nations and Métis - Working age population, labour force, employment,
More informationJanuary 2018 Alberta Indigenous People Living Off-Reserve Package
Labour Force Statistics Alberta Indigenous People Living Off-Reserve Package Package Includes: - Information for all Indigenous people, First Nations and Métis - Working age population, labour force, employment,
More informationCONSUMER PRICE INDEX REPORT NOVEMBER 2017
CONSUMER PRICE INDEX REPORT NOVEMBER 2017 M A N I T O B A B U R E A U O F S T A T I S T I C S RIGHT ANSWERS RIGHT NOW December 21, 2017 CONTENTS SUMMARY CHART 1 - ANNUAL INFLATION RATE: MANITOBA AND CANADA
More informationAUGUST THE DUNNING REPORT: DIMENSIONS OF CORE HOUSING NEED IN CANADA Second Edition
AUGUST 2009 THE DUNNING REPORT: DIMENSIONS OF CORE HOUSING NEED IN Second Edition Table of Contents PAGE Background 2 Summary 3 Trends 1991 to 2006, and Beyond 6 The Dimensions of Core Housing Need 8
More information2016 Census of Canada
216 Census of Canada Incomes Results from the latest Census release show that Alberta had the highest median income among the provinces. Alberta s strong economic expansion in recent years, particularly
More informationBC CAMPAIGN FACT SHEETS
2006 FACT SHEETS Fact Sheet #1 - What is Child Poverty? Fact Sheet #2 - BC Had the Worst Record Three Years in a Row Fact Sheet #3 - Child Poverty over the Years Fact Sheet #4 - Child Poverty by Family
More information2008 ANNUAL ALBERTA LABOUR MARKET REVIEW
ANNUAL ALBERTA LABOUR MARKET REVIEW employment unemployment economic regions migration aboriginal people industries occupations education demographics Employment and Immigration EMPLOYMENT Employment increased
More informationConsumer Price Index. Highlights. Manitoba second highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, February 2019
MBS Reports C o n s u m e r P r i c e I n d e x, F e b r u a r y 2 0 1 9 1 Consumer Price Index F e b r u a r y 2 0 1 9 Highlights The Manitoba all-items Consumer Price Index (CPI) increased % on a year-overyear
More informationPrince Edward Island Labour Force Survey 2017 Annual Report. Highlights:
Prince Edward Island Labour Force Survey 2017 Annual Report Highlights: Employment increased by 3.1 per cent in 2017, averaging 73,700. This was the second highest growth rate among provinces, behind only
More informationYukon Bureau of Statistics
Yukon Bureau of Statistics 2 9 # $ > 0-2 + 6 & ± 8 < 3 π 7 5 9 ^ Highlights Income and Housing 20 National Household Survey According to the 20 National Household Survey (NHS), the median income in Yukon
More informationA STATISTICAL PROFILE OF WOMEN IN THE SASKATCHEWAN LABOUR MARKET
A STATISTICAL PROFILE OF WOMEN IN THE SASKATCHEWAN LABOUR MARKET A report prepared for: Status of Women Office Saskatchewan Ministry of Social Services by Sask Trends Monitor April 2017 Table of Contents
More informationMinimum Wage. This will make the minimum wage in the NWT one of the highest in Canada.
Backgrounder Minimum Wage The Minister of Education, Culture and Employment will increase the minimum wage in the NWT to $12.50 per hour on June 1 st, 2015. This will make the minimum wage in the NWT one
More informationLook to both coasts for the fastest growth in 2019
Look to both coasts for the fastest growth in 2019 PROVINCIAL OUTLOOK March 2019 Canada s economy ended 2018 on a weak note, posting the slowest quarterly growth rate since mid-2016 and providing a soft
More informationHealth Care Expenditures and Cost Drivers in Canada
Health Care Expenditures and Cost Drivers in Canada Focus on Pharmaceuticals Louis Thériault, Vice-President Industry Strategy and Public Policy The Conference Board of Canada April 26, 2017 conferenceboard.ca
More informationConsumer Price Index report
MBS Reports C o n s u m e r P r i c e I n d e x R e p o r t, J u l y 2 0 1 8 1 Consumer Price Index report J u l y 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 3.3% on
More informationRecent Trends in Saskatchewan s Labour Market: Implications for PSE
Recent Trends in Saskatchewan s Labour Market: Implications for PSE Presentation prepared for: SIAST Continuing Education Consultant/Program Head Workshop May 12, 2011 Rob Cunningham D.C. Strategic Management
More informationChanges in Wage Inequality in Canada: An Interprovincial Perspective* Nicole M. Fortin, Vancouver School of Economics, University of British Columbia
Changes in Wage Inequality in Canada: An Interprovincial Perspective* Nicole M. Fortin, Vancouver School of Economics, University of British Columbia Thomas Lemieux, Vancouver School of Economics, University
More informationLABOUR MARKET TRENDS IN SASKATCHEWAN
LABOUR MARKET TRENDS IN SASKATCHEWAN Prepared for the: Saskatchewan Career Work Education Conference North Battleford, Saskatchewan October 27, 2016 Doug Elliott Sask Trends Monitor 444 19th Avenue Regina,
More informationIncome, pensions, spending and wealth
CHAPTER 18 Income, pensions, spending and wealth After four years of growth, the median after-tax income for Canadian families of two or more people remained virtually stable in 2008 at $63,900. The level
More informationConsumer Price Index. Highlights. Manitoba fourth highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, November 2018
MBS Reports C o n s u m e r P r i c e I n d e x, N o v e m b e r 2 0 1 8 1 Consumer Price Index N o v e m b e r 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 1.7% on a
More informationCANM-CAMRT JOINT ANNUAL CONFERENCE MARCH 22-24, 2018 VANCOUVER, B.C.
CANM-CAMRT JOINT ANNUAL CONFERENCE MARCH 22-24, 2018 VANCOUVER, B.C. I do not have a financial interest, arrangement or affiliation including receipt of honoraria or expenses with a commercial organization
More informationTAXING QUESTIONS ABOUT PROPERTY TAXATION
ALLAN M. MASLOVE Dr. Maslove is a professor in the School of Public Policy and Administration at Carleton University in Ottawa, Canada. An economist specializing in public finance, Dr. Maslove is a graduate
More informationAlberta Low Wage Profile April 2015-March 2016
Alberta Low Wage Profile April 2015-March 2016 Introduction This Alberta Low Wage Profile presents current information on persons whose average hourly earnings 1 are below $15 in Alberta and other provinces.
More informationProvincial and National Employment, Alberta and Canada Employment Rates 1, % 62.7% 62.7% 63.0% 63.5%
Employment ALBERTA S HOT ECONOMY CONTINUES TO PRODUCE HIGH EMPLOYMENT GROWTH IN 2007 The number of employed Albertans in 2007 increased by 88,775, higher than the 2006 growth of 86,240. The economy also
More informationBC CAMPAIGN 2000 WHAT IS CHILD POVERTY? FACT SHEET #1 November 24, 2005
WHAT IS CHILD POVERTY? FACT SHEET #1 Poverty in Canada is measured by using Statistics Canada's Low Income Cut-Offs (LICOs). The cut-offs are based on the concept that people in poverty live in "straitened
More informationn Appendix 2: THE MANITOBA ADVANTAGE
BUDGET 2012 Taxation Adjustments / C19 n Appendix 2: THE MANITOBA ADVANTAGE Manitoba is a diversified economy where no single industry dominates the industrial base. Manitoba has been quick to adjust to
More informationNational Sector Results. Fourth Quarter 2018
National Sector Results Fourth Quarter 2018 National Sector Results Fourth Quarter 2018 Canadian credit unions ended 2018 with solid growth and a strong balance sheet. assets at Canadian Credit Union Association
More informationConsumer Price Index. Highlights. Manitoba third highest among provinces. Consumer Price Index (CPI), Manitoba and Canada, September 2018
MBS Reports C o n s u m e r P r i c e I n d e x, S e p t e m b e r 2 0 1 8 1 Consumer Price Index S e p t e m b e r 2 0 1 8 Highlights The Manitoba all-items Consumer Price Index (CPI) increased 2.4% on
More informationMetropolitan Gross Domestic Product: Experimental Estimates, 2001 to 2009
Catalogue no. 11-626-X No. 042 ISSN 1927-503X ISBN 978-1-100-25208-7 Economic Insights Metropolitan Gross Domestic Product: Experimental Estimates, 2001 to 2009 by Mark Brown and Luke Rispoli Release date:
More informationAlberta Low Wage Profile April March 2017
Alberta Low Wage Profile April 2016 - March 2017 Introduction This Alberta Low Wage Profile presents current information on low wage earners which are persons whose average hourly earnings 1 are below
More informationEDUCATION SPENDING in Public Schools in Canada
EDUCATION SPENDING in Public Schools in Canada 2019 Edition Angela MacLeod and Joel Emes Contents Executive summary / iii Introduction / 1 Education spending and public student enrolment / 2 Understanding
More informationIncome Inequality in Canada: Trends in the Census
Income Inequality in Canada: Trends in the Census 1980-2005 Kevin Milligan Vancouver School of Economics University of British Columbia kevin.milligan@ubc.ca May, 2013 1 The focus of this paper: Analysis
More informationSEPTEMBER 2017 UPDATE
SEPTEMBER 2017 UPDATE On September 11, 2017, Finance Minister Carole James presented a budget update following the May 9 election which resulted in the previous majority Liberal government being replaced
More informationTrends in Labour Productivity in Alberta
Trends in Labour Productivity in Alberta July 2012 -2- Introduction Labour productivity is the single most important determinant in maintaining and enhancing sustained prosperity 1. Higher productivity
More information