ECON 241 Midterm: ECON241 Midterm #2 Review
13 Feb 2019
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Document Summary
For 2013 using lim (law income measure using 50% median income) canada measures. 20th out of 31 on oecd with 12. 6% poverty. Iceland at #1 = 5%, denmark at 5. 7%, france *%, sweden 8. 5%, germany 9%, uk. For all people, the rate was 13% in 1976 and increased in 2 recessions of the early. 1980"s and 1990"s, then increased a bit after 2008. Rate for women consistently above that for men by 3. 4% pts until recently. Mid 2000"s gap has decreased and now no difference between men and women. Trends for seniors (all persons) show a decrease from a peak of 30% in 1977 to a low. For single seniors, rate decreased from 76$ to 8. 8% Not in poverty 82. 7% poverty for 1 year 7. 4% poverty for 2 years 3. 9% poverty for 3 years 1. 99% poverty for 4 years 1. 3% poverty for 5 years 1. 3% poverty for 6 years 1. 5% Poverty percentage for 3 of 6 years by time period.
