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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
0966-4246
904
University of Southampton
Brozozowski, Matthew
b7f6e74c-fe75-4565-8533-0fe3a35a2196
Gervais, Martin
c03b188f-08e2-42a6-abca-b64b362a4065
Klein, Paul
feea4bea-ca95-41ce-b72c-92b7d05247b1
Suzuki, Micho
6c872a41-0fed-436d-bdf4-62b6fa0b0b7c
Brozozowski, Matthew
b7f6e74c-fe75-4565-8533-0fe3a35a2196
Gervais, Martin
c03b188f-08e2-42a6-abca-b64b362a4065
Klein, Paul
feea4bea-ca95-41ce-b72c-92b7d05247b1
Suzuki, Micho
6c872a41-0fed-436d-bdf4-62b6fa0b0b7c

Brozozowski, Matthew, Gervais, Martin, Klein, Paul and Suzuki, Micho (2009) Consumption, income, and wealth inequality in Canada (Discussion Papers in Economics and Econometrics, 904) Southampton, UK. University of Southampton 53pp.

Record type: Monograph (Discussion Paper)

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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More information

Published date: 2009
Additional Information: JEL Classification: D12, D31
Keywords: income inequality, consumption inequality, wealth inequality

Identifiers

Local EPrints ID: 71042
URI: https://eprints.soton.ac.uk/id/eprint/71042
ISSN: 0966-4246
PURE UUID: e4564e79-11a8-4645-b186-7cd91925a098

Catalogue record

Date deposited: 08 Jan 2010
Last modified: 26 Feb 2019 17:34

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Contributors

Author: Matthew Brozozowski
Author: Martin Gervais
Author: Paul Klein
Author: Micho Suzuki

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