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Families, time, and well-being in Canada
Canadian Public Policy. Analyse De Politiques
|December 20, 2011
Summary
Canadian families saw income rise at the top, but not in the middle. Increased work hours for middle-income families did not boost their income, suggesting growing well-being inequality.
Area of Science:
- Socioeconomics
- Family Economics
- Labor Economics
Background:
- Analyzing trends in family resources (time and money) from 1971 to 2006.
- Examining the relationship between income distribution and parental work hours in Canada.
Observation:
- Top income earners experienced income growth without increased work hours.
- Middle-income families increased work hours substantially without income growth.
Findings:
- Income inequality has risen, particularly since the mid-1990s.
- Stagnant incomes for middle-class families despite increased labor supply.
- Discrepancy between income gains at the top and stagnant middle-class earnings.
Implications:
- Well-being inequality may have increased more than income inequality.
- Time and money are crucial for family well-being production.
- Policy implications for equitable resource distribution and family welfare.
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