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Table 14 Moment matching: formal, informal, and unemployed workers

From: Pension schemes and labor supply in the formal and informal sector

 

Formal

Informal

Unemployed

 

Data

Model

Data

Model

Data

Model

23–28

0.531

0.399

0.362

0.511

0.107

0.090

 

[0.507, 0.548]

 

[0.340, 0.384]

 

[0.096, 0.116]

 

29–34

0.629

0.619

0.309

0.351

0.062

0.030

 

[0.598, 0.653]

 

[0.277, 0.342]

 

[0.051, 0.072]

 

35–44

0.742

0.756

0.211

0.226

0.048

0.018

 

[0.715, 0.762]

 

[0.196, 0.230]

 

[0.04, 0.057]

 

45–54

0.710

0.747

0.222

0.195

0.068

0.059

 

[0.687, 0.728]

 

[0.214, 0.230]

 

[0.051, 0.094]

 

55+

0.713

0.831

0.207

0.084

0.081

0.085

 

[0.688, 0.737]

 

[0.189, 0.236]

 

[0.060, 0.110]

 
  1. The interval is estimated by performing bootstraps and considering the middle 90%
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