Skip to main content

Table 18 Formality path with the second policy experiment: 35 years of formal work as FP requirement and 20 years of formality as Advanced age pension requirement

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 0.398 0.265 0.264 0.481 0.480 0.615 0.612
29–34 0.619 0.622 0.512 0.513 0.692 0.697 0.778 0.780
35–44 0.756 0.746 0.651 0.628 0.852 0.851 0.854 0.857
45–54 0.747 0.757 0.544 0.550 0.943 0.955 0.904 0.924
55+ 0.831 0.891 0.764 0.838 0.875 0.937 0.933 0.949