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040 |aCaOODSP|beng
043 |an-cn---
0861 |aCS11-0019/2019-1E-PDF
0861 |aCS11-0019/413E-PDF
1001 |aMessacar, Derek.
24514|aThe long-term effects of employer-sponsored pension plans on non-workplace returns on investments |h[electronic resource] / |cby Derek Messacar and René Morissette.
260 |a[Ottawa] : |bStatistics Canada, |cc2019.
300 |a31 p. : |bcol. charts
4901 |aAnalytical Studies Branch research paper series, |x1205-9153 ; |vno. 413
500 |a"Release date: January 14, 2019."
500 |aIssued also in French under title: Les effets à long terme des régimes de pension d’employeur sur le rendement des investissements hors du milieu de travail.
500 |aIssued also in HTML format.
500 |aThe PDF copy has been replaced 04/02/2019 as requested by the publisher.
504 |aIncludes bibliographic references: p. 29-31.
5203 |a"What is the effect of having an employer-sponsored pension plan (EPP) on financial performance in non-workplace investments? This paper offers new insight into this unresolved empirical issue, using administrative data on over 345,000 taxfilers from Canada. The paper makes two key contributions. First, an approach for inferring relative returns on investments is developed. The approach is based on a longitudinal analysis of saving flow-of-funds and wealth data related to the use of the tax-free savings account (TFSA). The analysis shows that asset balances are substantially heterogeneous across individuals with equivalent saving histories. Second, having an EPP is shown to raise the average return on investment in other tax-preferred saving plans, albeit by a very modest amount of approximately 0.50% to 1.25% over five years since the TFSA was introduced. This result is robust to augmenting the analysis to an instrumental variables approach that exploits variation in the availability of EPPs across cohorts by sex and industry of employment, which controls for the possibility that observed and unobserved differences between individuals with and without EPPs—such as the level of education or financial literacy—may confound the results"--Abstract, p. 5.
69207|2gccst|aStatistics
69207|2gccst|aPensions
69207|2gccst|aInvestments
7001 |aMorissette, R. |q(René), |d1959-
7102 |aStatistics Canada. |bAnalytical Studies Branch.
77508|tLes effets à long terme des régimes de pension d’employeur sur le rendement des investissements hors du milieu de travail |w(CaOODSP)9.866231
830#0|aResearch paper series (Statistics Canada. Analytical Studies Branch)|x1205-9153 ; |vno. 413.|w(CaOODSP)9.504421
85640|qPDF|s604 KB|uhttps://publications.gc.ca/collections/collection_2019/statcan/11f0019m/11f0019m2019001-eng.pdf
8564 |qHTML|sN/A|uhttps://www150.statcan.gc.ca/n1/pub/11f0019m/11f0019m2019001-eng.htm