Table 5 Separate regressions for formal and informal employees

Female

-0.0263

-0.1113

-0.116*

-0.165***

(0.0537)

(0.0680)

(0.0622)

(0.0599)

Years of education

0.0162***

0.0216***

0.0272***

0.0427***

(0.0059)

(0.0080)

(0.00566)

(0.00629)

Age

0.0398***

-0.0273

0.0346**

0.0599***

(0.0151)

(0.0244)

(0.0158)

(0.0175)

Age²

-0.0004**

0.0004

-0.000276

-0.000714***

(0.0002)

(0.0003)

(0.000203)

(0.000237)

Firm size <5 (base 10–49)

0.0005

-0.1273

0.151

-0.0102

(0.1171)

(0.0831)

(0.170)

(0.0791)

Firm size 5-9

-0.1128

0.0630

-0.0487

-0.0205

(0.0966)

(0.1181)

(0.144)

(0.0869)

Firm size >50

-0.0687

0.0620

-0.0375

-0.0733

(0.0547)

(0.1235)

(0.0775)

(0.0847)

Cognitive score quintile 2

0.0555

-0.0350

-0.00565

-0.0397

(0.0777)

(0.0976)

(0.0706)

(0.0760)

Cognitive score quintile 3

0.1395*

0.1285

-0.0175

0.0925

(0.0756)

(0.1057)

(0.0726)

(0.0680)

Cognitive score quintile 4

0.2555***

0.1268

0.103

0.0551

(0.0784)

(0.1080)

(0.0873)

(0.0885)

Cognitive score quintile 5

0.1987**

0.0592

0.244**

0.124

(0.0861)

(0.1175)

(0.109)

(0.108)

Open to experience

0.0116

0.0600

0.0958**

0.0804

(0.0534)

(0.0634)

(0.0365)

(0.0525)

Conscientious

0.0776

-0.1202*

-0.0461

0.000522

(0.0555)

(0.0673)

(0.0590)

(0.0731)

Extrovert

0.0383

0.1228

-0.0464

-0.0442

(0.0541)

(0.0769)

(0.0478)

(0.0581)

Agreeable

-0.1317**

-0.1040

-0.207***

-0.127**

(0.0542)

(0.0689)

(0.0491)

(0.0557)

Emotionally stable

0.0475

0.0633

-0.0596

0.0127

(0.0543)

(0.0742)

(0.0450)

(0.0803)

Constant

0.9856***

1.8049***

3.439***

2.873***

(0.2984)

(0.4399)

(0.340)

(0.314)

Observations

290

201

552

376

R-squared

0.3837

0.3755

0.281

0.322