Retirement Consumption Puzzle in Malaysia: Evidence from Bayesian Quantile Regression Model

Table 1

Summary statistics for HES Sample 2009.

Variable	Proportion of households ()
Region
1 (Kelantan, Pahang, Terengganu)	15
2 (Johor, Melaka, Negeri Sembilan)	16
3 (Kedah, Perak, Perlis)	20
4 (P.Pinang, Selangor, Kuala Lumpur, Putrajaya)	27
5 (Sabah, Sarawak)	22
Strata
Urban	69
Rural	31
Marital status
Married	78
Single Female	12
Single Male	10
Ethnic
Bumiputera	64
Non Bumiputera	36
Educational level
College/University	14
High School Grad	35
Less than High School	16
Others (not attending formal education, religious education, not finishing school)	35
Occupational group
Professionals and Legislators	13
Administrative Supports	19
Technicians	13
Agriculture and Fishery	10
Craft and Repair	9
Elementary Occupations	10
Operators	11
Others (housewife, unemployed, disabled)	15
Employment type
Employer	2.8
Government Professional and Administrative	7.0
Government Technicians and below	6.3
Private Professional and Administrative	16.4
Private Technicians and below	33.4
Self-employed	19.0
Others (e.g. pensioners)	15.1
Subjective life expectancy
live ≤ 25	4
25 ≤ live ≤ 34	18
35 ≤ live ≤ 44	26
45 ≤ live ≤ 54	26
55 ≤ live	26
Status living quarters
Owned	67
Rented	24
Quarters	5
Others (e.g. squatters owned, squatters rented)	4