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The conventional life-cycle model predicts that households save prior to retirement and use their savings to finance consumption during retirement. Thus whether households dissave after retirement or at older ages is critical to the validity of life-cycle theory. This question is also of concern to policy makers as aggregate saving and investment, in Canada and elsewhere, may fall as the population ages. Many studies based on aggregate data for a cross-section of OECD countries provide support for the life-cycle hypothesis, since the data suggest that countries with a greater proportion of elderly people have lower household saving rates. On the other hand, most empirical research directed at household consumption and saving behaviour based on household data has found little evidence that supports the life-cycle hypothesis. The three essays comprising this thesis attempt to establish and explain the micro evidence on saving behaviour of older households, and also try to overcome some of the usual barriers to using cross-section survey data in empirical research in the field. All three essays employ Canadian F AMEX data from 1969 to 1992