Life-Cycle Savings and Public Policy

TABLE 8.4 (Continued )

Year Age Earnings

Retirement

income

Financial

income

Welfare

benefits Other

40–44 0.9293 0.0105 0.0144 0.0068 0.0389

45–49 0.9038 0.0263 0.0138 0.0065 0.0496

50–54 0.9168 0.0354 0.0227 0.0087 0.0164

55–59 0.7946 0.1050 0.0380 0.0080 0.0543

60–64 0.6222 0.3004 0.0866 0.0065 0.0156

65–69 0.2719 0.5552 0.1027 0.0036 0.0666

70–74 0.1497 0.6893 0.1763 0.0020 0.0173

75+ 0.0777 0.6881 0.1892 0.0045 0.0405

1991 20–24 0.8739 0.0045 0.0109 0.0280 0.0828

25–29 0.9087 0.0046 0.0081 0.0181 0.0604

30–34 0.9253 0.0091 0.0071 0.0155 0.0430

35–39 0.9236 0.0065 0.0130 0.0135 0.0434

40–44 0.9444 0.0107 0.0162 0.0076 0.0210

45–49 0.9176 0.0211 0.0250 0.0097 0.0266

50–54 0.8895 0.0478 0.0265 0.0092 0.0271

55–59 0.7961 0.0996 0.0456 0.0089 0.0497

60–64 0.5969 0.2573 0.0720 0.0055 0.0683

65–69 0.3394 0.5338 0.1251 0.0040 0.0023

70–74 0.1874 0.6290 0.1447 0.0022 0.0367

75+ 0.0674 0.7614 0.2185 0.0047 0.0520

1992 20–24 0.8790 0.0025 0.0044 0.0318 0.0823

25–29 0.8930 0.0068 0.0070 0.0244 0.0688

30–34 0.9043 0.0108 0.0076 0.0194 0.0578

35–39 0.9144 0.0101 0.0128 0.0120 0.0507

40–44 0.8902 0.0139 0.0107 0.0136 0.0716

45–49 0.9072 0.0216 0.0156 0.0140 0.0415

50–54 0.8556 0.0484 0.0202 0.0127 0.0631

55–59 0.7999 0.1313 0.0475 0.0124 0.0089

60–64 0.5960 0.2991 0.0956 0.0091 0.0002

65–69 0.3061 0.4993 0.1176 0.0064 0.0706

70–74 0.1598 0.6516 0.1572 0.0030 0.0283

75+ 0.1487 0.6911 0.1302 0.0025 0.0274

1993 20–24 0.8649 0.0035 0.0029 0.0358 0.0929

25–29 0.9153 0.0042 0.0074 0.0246 0.0485

(Continues)

Appendix 375