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Table 15 Moment matching: unemployed workers

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

 

Low education

Medium education

High education

 

Data

Model

Data

Model

Data

Model

23–28

0.1462

0.0862

0.0830

0.1039

0.0808

0.0661

 

[0.1298, 0.1703]

 

[0.0694, 0.0966]

 

[0.0464, 0.1147]

 

29–34

0.0845

0.0362

0.0527

0.0326

0.0172

0.0056

 

[0.0710, 0.0968]

 

[0.0384, 0.0675]

 

[0.0090, 0.0429]

 

35–44

0.0729

0.0342

0.0311

0.0032

0.0126

0.0034

 

[0.0618, 0.0861]

 

[0.0232, 0.0458]

 

[0.0076, 0.0222]

 

45–54

0.1053

0.1091

0.0220

0.0031

0.0161

0.0355

 

[0.0696, 0.1551]

 

[0.0152, 0.0354]

 

[0.0108, 0.0227]

 

55+

0.0862

0.0970

0.1044

0.0925

0.0096

0.0307

 

[0.0624, 0.1122]

 

[0.0514, 0.1687]

 

[0.0047, 0.0174]

 
  1. The interval is estimated based on the multinomial model, performing bootstraps and considering the middle 90%
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