Table 9.
Estimates of the effect of education on the level of assets by pathway, by asset quintile, for two-person households age 65 and older--based on estimates in Table 7
| Asset quintile | |||||
|---|---|---|---|---|---|
| 1 (low) | 2 | 3 | 4 | 5 (high) | |
| Lagged assets | $9,567 | $15,331 | $19,028 | $25,785 | $394,012 |
| Dollar return on assets | $8,400 | $17,019 | $16,517 | $18,649 | $13,202 |
| Mean level of health | $7,188 | $8,321 | $5,006 | $6,090 | $24,290 |
| Change in health | −$386 | $136 | −$742 | −$1,006 | −$1,969 |
| SS income | $337 | −$979 | −$765 | $847 | $1,743 |
| DB income | $2,080 | $3,850 | $4,767 | $8,184 | $6,242 |
| Earnings | $4,897 | $6,882 | $14,421 | $4,896 | $28,631 |
| Total of pathway effects | $32,083 | $50,560 | $58,232 | $63,444 | $466,151 |