Figure 4: Welfare Losses, ∆W0 / W0, for U.S. (SCF) Data; Gender = 0 (male),
γ = 1, 2, or 3, δ = 0.97, Age = 50, Education = Middle *
gamma = 1
A
C
A
C
g
—«
I
*J
φ
■О
1. 00
0. 80
0. 60
0. 40
0 50,000 100,000 150,000 200,000
B
B
B
BB
C
C
AC
AC
A
BBB
C
AACAC
BB
AAC
A
BB
Net w orth
Noncapital Income
B 20,000
A 36,000
C 49,000
* Dotted vertical lines indicate age-specific quantiles for Net worth (25%, 50% and 75%); age-specific
quantiles for Labor Income are labeled by △ (25%), O (50%) and V (75%).
47
More intriguing information
1. The name is absent2. Wounds and reinscriptions: schools, sexualities and performative subjects
3. The Prohibition of the Proposed Springer-ProSiebenSat.1-Merger: How much Economics in German Merger Control?
4. Les freins culturels à l'adoption des IFRS en Europe : une analyse du cas français
5. Measuring and Testing Advertising-Induced Rotation in the Demand Curve
6. Contribution of Economics to Design of Sustainable Cattle Breeding Programs in Eastern Africa: A Choice Experiment Approach
7. The name is absent
8. Existentialism: a Philosophy of Hope or Despair?
9. Achieving the MDGs – A Note
10. The name is absent