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Canada's Aging Workforce: Participation, Productivity, and Living Standards

This paper looks at the consequences of Canada’s aging population and workforce for labour-force participation, labour productivity, and the standard of living in Canada. It offers a broad overview of various arguments, rather than a focused research study. The paper is also written from a policy perspective with the intent of raising possible issues of concern for policy-makers. And the paper offers a number of predictions of particular relevance to public policy. The issues raised are not new, but are framed in a Canadian perspective based on available Canadian evidence. General discussion of aging and retirement in the United States, for example, can be found in Clark et al. (2004); Madrian, Mitchell, and Soldo (2007); and Wise (2004).