Geoffrey R. Dunbar


Geoffrey Dunbar is a Director in the International Economic Analysis Department. His research interests include applied econometrics and the macroeconomic implications of demographic change. He received his PhD in economics from Queen’s University.


Geoffrey R. Dunbar

International Economic Analysis
International Studies Division

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae


Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions

Staff Working Paper 2017-45 Geoffrey R. Dunbar, Arthur Lewbel, Krishna Pendakur
Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many goods are jointly consumed, so that individual-level consumption in multi-person households is not directly observed.

The Mode is the Message: Using Predata as Exclusion Restrictions to Evaluate Survey Design

Staff Working Paper 2017-43 Heng Chen, Geoffrey R. Dunbar, Rallye Shen
Changes in survey mode (e.g., online, offline) may influence the values of survey responses, and may be particularly problematic when comparing repeated cross-sectional surveys.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods JEL Code(s): C, C8

Sheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004

Staff Working Paper 2015-22 Geoffrey R. Dunbar, Chunling Fu
We use data from the Survey of Financial Security and the Survey of Household Spending to estimate the incidence and extent of income under-reporting in Canada in 1998 and 2004. We estimate that the proportion of households under-reporting income is roughly 35 to 50 per cent in both years.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Domestic demand and components JEL Code(s): H, H2, H26, I, I3, I32, K, K4, K42

Demographics and the Demand for Currency

Staff Working Paper 2014-59 Geoffrey R. Dunbar
I use data from the Bank of Canada’s Bank Note Distribution System and exploit a natural experiment offered by the timing of Easter in the Gregorian calendar to analyze the effects of demographic change for currency demand.

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Journal Articles

  • "Seasonal adjustment, demography, and GDP growth,"
    Canadian Journal of Economics, Canadian Economics Association, Vol. 46(3), pages 811-835, August 2013.
  • "Working parents and total factor productivity growth,"
    Journal of Population Economics, (with Stephen Easton). Springer, Vol. 26(4), pages 1431-1456, October 2013.
  • "The Family and Medical Leave Act and the labor productivity of parents,"
    Economics Letters, Elsevier, Vol. 118(2), pages 334-336, 2013.
  • "Returns-to-scale and the equity premium puzzle,"
    Journal of Economic Dynamics and Control, Elsevier, Vol. 37(9), pages 1736-1754, 2013.
  • "Children's Resources in Collective Households: Identification, Estimation, and an Application to Child Poverty in Malawi,"
    (with Arthur Lewbel and Krishna Pendakur), American Economic Review, American Economic Association, Vol. 103(1), pages 438-71, February, 2013.


  • Ph.D., Queen’s University (2006)
  • M.A., University of Victoria (1997)
  • BAH, Queen’s University (1992)

Research Interests

  • Household Consumption
  • Working Parents and Labour Productivity
  • Economics of Payment and Financial Innovation
  • Money Demand,
  • Macro Finance


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