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Table 20 Formality path with the fourth policy experiment: age of 67 as FP 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

0.402

0.265

0.271

0.481

0.484

0.615

0.617

29–34

0.619

0.619

0.512

0.509

0.692

0.693

0.778

0.776

35–44

0.756

0.753

0.651

0.652

0.852

0.850

0.854

0.852

45–54

0.747

0.755

0.544

0.550

0.943

0.948

0.904

0.928

55+

0.831

0.868

0.764

0.822

0.875

0.894

0.933

0.948