Transkript

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6 = (1 τ ) + ()( ) τ = (1 τ) + 1 τ := 1 = (1 τ ) ()/ + ()( )/ := (1 τ) = () ()( )

7 { (1 τ ) + ( ) = α()( ) (1 τ ) + ( ) α()( ) < lifetime wealth V (1 t)w ERA NRA SRA job exit age

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10 lifetime wealth job exit age (1 τ) [60,65] 1939 and before 1945 and after

11 average job exit age, Dec 1939= birth cohort Women s pathway Regular pathway

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13 lifetime wealth job exit age (1 τ) [60,63] 1945 and before 1949 and after

14 average job exit age, Dec 1945= birth cohort Unemployed & part time pathway Disabled pathway

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16 lifetime wealth job exit age (1 τ) [60,63] 1937 and before Jan and after

17 average job exit age, Dec 1937= birth cohort Low earnings potential pathway Regular pathway

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19 lifetime wealth (1 τ) [65,69] job exit age 1931 and before 1932 and after

20 average job exit age, Dec 1931= birth cohort all pathways 65 and above all pathways 62 64

21 = α 0 + α 1 + α 2 + α 3 + ψ (1 τ ) = β 0 + β 1 + β 2 + β 3 + ζ ( ) = γ 0 + γ 1 + γ 2 + ε(1 τ ) + υ (1 τ ) ε

22 (1 τ) () (1 τ)

23 ( ) = δ 0 +ε(1 τ )+η( )+δ 1 ( )+δ 2 ( )+ +ν 1 τ

24 () (1 τ) () ()

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27 lifetime wealth job exit age 1939 and before Jan 1941 Jan 1942 Jan 1943 Jan and after

28 lifetime wealth job exit age 1945 and before Jan 1947 Jan and after

29 lifetime wealth job exit age 1937 and before Jan 1939 Jan 1940 Jan 1941 Jan 1942 Jan 1943 Jan and after

30 lifetime wealth job exit age (1 τ) [63,65] 1936 and before ltw

31 average job exit age, Dec 1936= birth cohort Long term insured pathway Regular pathway

32 lifetime wealth job exit age (1 τ) [60,63] 1940 and before 1944 and after

33 average job exit age, Dec 1940= birth cohort Disabled pathway Regular pathway

34 lifetime wealth job exit age (1 τ) [60,65] 1936 and before 1942 and after

35 average job exit age, Dec 1936= birth cohort Unemployed & part time Regular

36 lifetime wealth job exit age (1 τ) [55,59] 1937 and before Jan and after

37 average job exit age, Dec 1940= birth cohort Lowered earnings potential pathway Regular pathway

38 () ()

39 () (1 τ) () () ()

40 (1 τ)