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Table 17 Formality path with the first policy experiment: replacement rates and retirement age at 60

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

  General Low education Medium education High education
  Benchmark Policy Benchmark Policy Benchmark Policy Benchmark Policy
23–28 0.399 0.404 0.265 0.274 0.481 0.484 0.615 0.618
29–34 0.619 0.616 0.512 0.503 0.692 0.694 0.778 0.777
35–44 0.756 0.745 0.651 0.649 0.852 0.851 0.854 0.853
45–54 0.747 0.755 0.544 0.556 0.943 0.944 0.904 0.918
55+ 0.831 0.677 0.764 0.564 0.875 0.785 0.933 0.770