Table 12 Probabilities of being in each sector (men only) based on the multinomial model
From: Pension schemes and labor supply in the formal and informal sector
Age group: 45–54 years old | |||
Unemployed | Unemployed (−1) | Formal (−1) | Informal (−1) |
Low education | 0.3829 | 0.0330 | 0.1143 |
Medium education | 0.3352 | 0.0179 | 0.1152 |
High education | 0.2999 | 0.0094 | 0.0936 |
Formal | Unemployed (−1) | Formal (−1) | Informal (−1) |
Low education | 0.2220 | 0.8654 | 0.2072 |
Medium education | 0.3450 | 0.9275 | 0.3289 |
High education | 0.4725 | 0.9616 | 0.4876 |
Informal | Unemployed (−1) | Formal (−1) | Informal (−1) |
Low education | 0.3951 | 0.1016 | 0.6786 |
Medium education | 0.3198 | 0.0546 | 0.5559 |
High education | 0.2277 | 0.0291 | 0.4188 |
Age group: 55–65 years old | |||
Unemployed | Unemployed (−1) | Formal (−1) | Informal (−1) |
Low education | 0.4235 | 0.0379 | 0.1351 |
Medium education | 0.3568 | 0.0209 | 0.1395 |
High education | 0.2624 | 0.0092 | 0.0864 |
Formal | Unemployed (−1) | Formal (−1) | Informal (−1) |
Low education | 0.2245 | 0.8688 | 0.2226 |
Medium education | 0.3605 | 0.9290 | 0.3437 |
High education | 0.5372 | 0.9654 | 0.5351 |
Informal | Unemployed (−1) | Formal (−1) | Informal (−1) |
Low education | 0.3520 | 0.0933 | 0.6423 |
Medium education | 0.2828 | 0.0501 | 0.5168 |
High education | 0.2003 | 0.0253 | 0.3785 |