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Table 16 Moment matching: transitions

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

 

Unemployment

Formal

Informal

 

Data

Model

Data

Model

Data

Model

Unemployed (−1)

0.4414

0.3228

0.1928

0.2593

0.3658

0.4181

 

[0.3668, 0.5152]

 

[0.1501, 0.2268]

 

[0.3141, 0.4193]

 

Formal (−1)

0.0295

0.0267

0.8824

0.8347

0.0881

0.1388

 

[0.0238, 0.0425]

 

[0.8751, 0.8907]

 

[0.0761, 0.0974]

 

Informal (−1)

0.0743

0.1234

0.2393

0.4755

0.6864

0.4013

 

[0.0593, 0.1034]

 

[0.2142, 0.2673]

 

[0.6719, 0.7068]

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