Age–Income Dynamics over the Life Course: Cohort Transition Patterns in Relative Income Based on Canadian Tax Returns

This article is concerned with patterns of cohort aging and income progression. We explore the dynamics of age–income progression through the use of state transition matrices, consider alternative cohort definitions, and introduce an artificial cross-sectional cohort based on the transition matrices. Our applications make use of individual income records from Statistics Canada’s Longitudinal Administrative Database. Relative income is defined …