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



Figure 9: Welfare Losses, ∆W0 / W0, for German (EVS) Data; Gender = 0

(male), γ = 2, δ = 0.97, Age = 50, Education = Low, Middle, or High *

Education = Low


Education = Middle


Education = High


B
B
0.50 й B

B


AB


5

I
÷j
φ


0.40" B


0.30 й


A
A
A

A
A


0.20" AC

CCC


AB


AC A

C


BB


BB


AC AC AC A


. B

B

B

B

B

B

B


A

A
A
A


AB

BA

BA


BB

AC AC


BBB


AA

CCC


B

B

B

B

b B
B
B


A
A
A
A

A


BA

BAB

CCCAB

CAB


AC A

C


BB


BB


AA


CC


0       50,000    100,000    150,000    200,000

Net w orth


50,000    100,000    150,000    200,000

Net w orth


0       50,000    100,000    150,000    200,000

Net worth


Noncapital Income

B 21,872

A 36,444

C 49,264

*

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%).

52



More intriguing information

1. Ventas callejeras y espacio público: efectos sobre el comercio de Bogotá
2. Heavy Hero or Digital Dummy: multimodal player-avatar relations in FINAL FANTASY 7
3. Accurate, fast and stable denoising source separation algorithms
4. For Whom is MAI? A theoretical Perspective on Multilateral Agreements on Investments
5. THE CHANGING RELATIONSHIP BETWEEN FEDERAL, STATE AND LOCAL GOVERNMENTS
6. Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement
7. Exchange Rate Uncertainty and Trade Growth - A Comparison of Linear and Nonlinear (Forecasting) Models
8. Types of Tax Concessions for Promoting Investment in Free Economic and Trade Areas
9. Auction Design without Commitment
10. IMPACTS OF EPA DAIRY WASTE REGULATIONS ON FARM PROFITABILITY