FIGURE 4-4. Measures of net worth by age of household head and cohort in Italy: 1989 to 1995.

FIGURE 4-4Measures of net worth by age of household head and cohort in Italy: 1989 to 1995

NOTES: These figures plot wealth by age of 13 cohorts: cohort 1 includes all households whose head was born between 1905 and 1909, cohort 2 those born between 1910 and 1914, and so on up to cohort 13, those born between 1965 and 1969. Each cohort is observed at four different times, one for each cross section. The line in each graph is obtained by regressing wealth on a fourth-order polynomial, a full set of dummies, and a set of restricted time dummies. The data are drawn from the 1989-1995 SHIW. Values are converted in thousands of 1995 Euros.

SOURCE: Jappelli and Pistaferri (1999).

From: 4, Private Wealth and Income Security: International Comparisons

Cover of Preparing for an Aging World
Preparing for an Aging World: The Case for Cross-National Research.
National Research Council (US) Panel on a Research Agenda and New Data for an Aging World.
Washington (DC): National Academies Press (US); 2001.
Copyright © 2001, National Academy of Sciences.

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