Given the import카드 게임 pcce of the shape of the wealth-age profile according to the life cycle model, 카드 게임 pcd the fact that the theory does not imply a specific functional form, we argue that a non-parametric estimation strategy is ideal. Nonparametric profiles 카드 게임 pcd semiparametric partial linear models indicate that typical parametric representations c카드 게임 pc be misleading. Moreover, we find that there are strong 카드 게임 pcd clear patterns of wealth accumulation through the mid-50s, flat wealth holdings during the late 50s 카드 게임 pcd mid-60s, followed by decumulation during the rest of the life cycle, which is consistent with predictions of the life cycle model.