The Impact of Individual Investment Behavior for Retirement Welfare: Evidence from the United States and Germany



Figure 6: Welfare Losses, ∆W0 / W0, for U.S. (SCF) Data; Gender = 0 (male),
γ = 2, δ = 0.97, Age = 50, Education = Low, Middle, or High *

Education =


A

B
BB

C

C
AC

AC

C
AAC
C
AA
BB


CA CA CA C
B B B AB


Net worth


Net worth


0    50,000 100,000 150,000 200,000

Net worth

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%).

49



More intriguing information

1. Nurses' retention and hospital characteristics in New South Wales, CHERE Discussion Paper No 52
2. The name is absent
3. Competition In or For the Field: Which is Better
4. Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics
5. A Brief Introduction to the Guidance Theory of Representation
6. The name is absent
7. The name is absent
8. Non Linear Contracting and Endogenous Buyer Power between Manufacturers and Retailers: Empirical Evidence on Food Retailing in France
9. INSTITUTIONS AND PRICE TRANSMISSION IN THE VIETNAMESE HOG MARKET
10. AJAE Appendix: Willingness to Pay Versus Expected Consumption Value in Vickrey Auctions for New Experience Goods
11. Altruism and fairness in a public pension system
12. On the job rotation problem
13. The name is absent
14. Outsourcing, Complementary Innovations and Growth
15. The name is absent
16. DISCRIMINATORY APPROACH TO AUDITORY STIMULI IN GUINEA FOWL (NUMIDA MELEAGRIS) AFTER HYPERSTRIATAL∕HIPPOCAMP- AL BRAIN DAMAGE
17. ADJUSTMENT TO GLOBALISATION: A STUDY OF THE FOOTWEAR INDUSTRY IN EUROPE
18. On Evolution of God-Seeking Mind
19. Second Order Filter Distribution Approximations for Financial Time Series with Extreme Outlier
20. Sustainability of economic development and governance patterns in water management - an overview on the reorganisation of public utilities in Campania, Italy, under EU Framework Directive in the field of water policy (2000/60/CE)