The Effects of Education on Canadians’ Retirement Savings Behaviour
Author: Derek Messacar
Topic: Financial behaviour/decisions, Research and evaluation
Publisher: Statistics Canada
Location: Canada
Format: Report
Content Type: Research
Publication Date: March 27, 2017

This paper assesses the extent to which education level affects how Canadians save and accumulate wealth for retirement. Data from administrative income-tax records and responses from the 1991 and 2006 censuses of Canada show that individuals with more schooling are more likely to contribute to a tax-preferred savings account and have higher saving rates, have higher home values, and are less likely to rent housing. 

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