Fraser Institute Income Inequality

The Fact Missing From Income Inequality Talk

Charles Lammam | Posted 02.04.2013 | Canada Business
Charles Lammam

Given the debate over the past few years about income inequality and the fact that many people do not consider how the income of individuals change over time, a new study, "Measuring Income Mobility in Canada" recently published by the Fraser Institute, provides fresh evidence on how the incomes of Canadians change over the course of their lives. While we welcome thoughtful criticisms of our methods and analysis, a recent blog penned by Professor Michale Wolfson of the University of Ottawa does a disservice to the discussion when he suggests the results are misleading and the analysis was done unfairly without adequate justification.

In Canada, "Rags to Riches" Is a Myth

Michael Wolfson | Posted 02.03.2013 | Canada Business
Michael Wolfson

The Fraser Institute's recent study on income mobility claims it is turning conventional wisdom on its head. In a nutshell, they say income inequality in Canada is not a problem because more people have incomes that have been going up than down, particularly among the poorest earners. This reasoning, if it were conceptually and empirically correct, would certainly provide an important caution to the Occupy Wall Street concerns about the dramatic growth in incomes of the top one per cent. Unfortunately, its results are misleading.