The Determinants of Retirement in Canada

Title: The Determinants of Retirement in Canada
Authors: Sun, Siyu
Date: 2014-05-15
Abstract: With 2006 Canadian census data, this paper examines the determinants of retirement in Canada among people aged 50 to 80 years old. Retirement is defined in two ways: fully retired (individuals who leave the labour force completely), and partly or fully retired (individuals who did not work or worked less than 26 weeks during the previous year). Geographical, socio-demographic, immigration and educational characteristics are taken into account in the regression models that explain retirement. Those factors are examined both for males and females and for immigrants and non-immigrants. The study finds that people who live in well-developed and growing areas are less likely to choose retirement. Similarly, people who are single are more likely to retire than couples or widows; however, females who live in a couple are more likely to retire than males in the same situation. In general, females show a higher probability to retire than males, potentially because of the different family responsibilities. Immigrants are less likely to choose retirement due to their relatively low income levels and because of the requirement for receiving retirement pensions.
CollectionÉconomie - Mémoires // Economics - Research Papers