Research Article
Retirement Consumption Puzzle in Malaysia: Evidence from Bayesian Quantile Regression Model
Table 3
Regression estimate for Bayesian quantile regression model.
| Consumption Measure | | | | Est | LB | UB | SD | Est | LB | UB | SD | Est | LB | UB | SD |
| WRE | -0.596 | -0.608 | -0.584 | 0.006 | -0.480 | -0.491 | -0.470 | 0.005 | -0.359 | -0.367 | -0.352 | 0.004 | NWRE | -0.112 | -0.123 | -0.101 | 0.006 | -0.044 | -0.051 | -0.035 | 0.004 | -0.047 | -0.054 | -0.041 | 0.003 | TE | -0.223 | -0.234 | -0.211 | 0.006 | -0.150 | -0.157 | -0.143 | 0.004 | -0.150 | -0.157 | -0.145 | 0.003 |
| Consumption Measure | | | | | | | Est | LB | UB | SD | Est | LB | UB | SD | | | | |
| WRE | 0.004 | -0.281 | -0.289 | -0.273 | 0.004 | -0.167 | -0.185 | -0.151 | | | | | NWRE | 0.003 | -0.021 | -0.029 | -0.014 | 0.004 | -0.016 | -0.007 | -0.027 | | | | | TE | 0.003 | -0.123 | -0.130 | -0.115 | 0.004 | -0.029 | -0.044 | -0.016 | | | | |
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