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Consumption, income, and wealth inequality in Canada

Consumption, income, and wealth inequality in Canada
Consumption, income, and wealth inequality in Canada
In this paper, we document some features of the distribution of income, consumption and wealth in Canada using survey data from many different sources. We find that wage and income inequality have increased substantially over the last 30 years, but that much of this rise was offset by the tax and transfer system. As a result, the rise in consumption inequality has been relatively mild. We also document that wealth inequality has remained fairly stable since 1999. Using both confidential data and publicly available data, we are able to gauge the extent to which the publicly available data conceals aspects of inequality that confidential data reveals.
income inequality, consumption inequality, wealth inequality
1094-2025
52-75
Brzozowski, Matthew
40242f6f-4d95-4f51-9a57-63b2e96bd559
Gervais, Martin
c03b188f-08e2-42a6-abca-b64b362a4065
Klein, Paul
feea4bea-ca95-41ce-b72c-92b7d05247b1
Suzuki, Michio
f7a59b5b-0135-4350-a216-92afed09e9cd
Brzozowski, Matthew
40242f6f-4d95-4f51-9a57-63b2e96bd559
Gervais, Martin
c03b188f-08e2-42a6-abca-b64b362a4065
Klein, Paul
feea4bea-ca95-41ce-b72c-92b7d05247b1
Suzuki, Michio
f7a59b5b-0135-4350-a216-92afed09e9cd

Brzozowski, Matthew, Gervais, Martin, Klein, Paul and Suzuki, Michio (2010) Consumption, income, and wealth inequality in Canada. Review of Economic Dynamics, 13 (1), 52-75. (doi:10.1016/j.red.2009.10.006).

Record type: Article

Abstract

In this paper, we document some features of the distribution of income, consumption and wealth in Canada using survey data from many different sources. We find that wage and income inequality have increased substantially over the last 30 years, but that much of this rise was offset by the tax and transfer system. As a result, the rise in consumption inequality has been relatively mild. We also document that wealth inequality has remained fairly stable since 1999. Using both confidential data and publicly available data, we are able to gauge the extent to which the publicly available data conceals aspects of inequality that confidential data reveals.

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brzozowski_gervais_klein_suzuki_red_2010.pdf - Version of Record
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More information

Published date: January 2010
Keywords: income inequality, consumption inequality, wealth inequality
Organisations: Economics

Identifiers

Local EPrints ID: 155875
URI: http://eprints.soton.ac.uk/id/eprint/155875
ISSN: 1094-2025
PURE UUID: 0e60e14f-6bc7-4f28-893b-7e87240c6639

Catalogue record

Date deposited: 28 May 2010 15:49
Last modified: 30 Sep 2019 19:25

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