The federal government has implemented an earned income tax credit what it has called the Working Income Tax Benefit in the 2007 Budget. Edmund Phelps has argued that the earned income tax credit in the United States should be replaced with an employment subsidy. This paper assesses the...

Population aging creates both a problem (higher taxes on a small group of workers to finance higher public pension and health care costs) and automatic adjustments that help to address that problem. The prospect of longer retirement involves an increased incentive to invest in physical capital,...

A calibrated overlapping generations model is used to investigate the effect on living standards of the aging baby boom. The relative scarcity of labor when baby boomers are old raises the wage-rental ratio by an amount that is sufficient to ensure that the post baby-boom generation can enjoy a...

The aging population has raised at least two concerns about tax policy. First, taxes will need to be increased to cover higher public-pension and medical-care expenses when baby boomers have retired. Second, taxes can be cut in the meantime, as the government realizes the "fiscal dividend" that...

Given the fundamental goal of raising living standards in the longer term, much attention is paid to policies that can be expected to increase national saving. With respect to private saving, the mechanism is tax reform - a lower tax on interest income. The basic problem with this approach is...

Although there are several studies of the impact of employment of health professionals in large bureaucratic organizations, there has been significantly less research focused on the structural influence of patients on this relationship. In this paper we present comparative qualitative data...

This report is the Users' Manual that accompanies MEDS-E, the economic component of a new Windows-based version of the MEDS (Models of the Economic-Demographic System) software. MEDS-E is designed to make use of the all-Canada population and labour force projections from MEDS-D in projecting...

Four questions are addressed: (1) What is theory and how is it important in the development of knowledge about aging? (2) What is the state of theory in gerontology today? (3) Why has explicit theory development become devalued in gerontology during the past few decades? (4) How and why should...

Previous research (Gee, Kobayashi, Prus, 2004) indicates that foreign- born older adults (65 years and older) have poorer health than their Canadian-born counterparts. Using data from the 2000/2001 Canadian Community Health Survey, the current study tests two hypotheses to explain the health gap...

Prior to 1987, retirement benefits under the Canada Pension Plan (CPP) were payable only at age 65. Amendments to the CPP in 1987 allowed benefits to be claimed at any time between the ages of 60 and 70, with actuarial adjustments for early or late take up. The focus of this paper is the health...