by Christopher Bruce, Derek Aldridge, Kelly Rathje, and Scott Beesley
This article extends the work done by us in issues 5(3) and 6(4) of The Expert Witness, we conclude that it would be appropriate to revise our existing 2½ and 3½ percent two-part forecast of real interest rates. We propose to use a rate of 2¼ percent for the first five years of all calculations. For all subsequent years we propose to use a rate of 3¼ percent.
This article compares retirement ages of Canadians over the five year period 1991-95 to retirement ages of Canadians over the five year period 1996-2000. The findings show that for most educational and industry categories, Canadians are retiring earlier than they did even five years ago.
