This study demonstrates that the existing Labour Utilisation Framework does not appropriately measure the actual level of underemployment. Therefore, it proposes a Dynamic Labour Utilisation Framework (DLUF) that includes a systematic method for setting the underemployment threshold. Applying...

Population ageing has brought concerns about labour shortage and public finance sustainability. These concerns spread out from the assumption that an increased age-based dependency ratio is a synonym of shrinking working lifespan for financing extending lifecycle consumption. Such a conclusion...

In Canada, immigration constitutes the primary response to population ageing. While extensive research has covered the impact of immigration on various aspects of the labour supply, the financial aspect has received less attention. In this study, we apply the National Transfer Account (NTA)...

This paper discusses intergenerational equity in terms of age of retirement and average number of years to be spent in retirement for successive cohorts in Canada. It demonstrates that using average retirement age (or median retirement age) as was done in the past in Canada, leads to very...