From: Pension schemes and labor supply in the formal and informal sector
Transitions | |||||
---|---|---|---|---|---|
Benchmark | 1st policy | 2nd policy | 3rd policy | 4th policy | |
Informal–formal | 0.476 | 0.485 | 0.484 | 0.465 | 0.474 |
Informal–unemployed | 0.123 | 0.113 | 0.100 | 0.138 | 0.122 |
Informal–informal | 0.401 | 0.402 | 0.416 | 0.397 | 0.404 |
Formal–formal | 0.835 | 0.795 | 0.85 | 0.825 | 0.853 |
Formal–unemployed | 0.027 | 0.036 | 0.014 | 0.033 | 0.019 |
Formal–informal | 0.139 | 0.166 | 0.136 | 0.142 | 0.129 |
Unemployed–formal | 0.259 | 0.347 | 0.224 | 0.349 | 0.234 |
Unemployed–unemployed | 0.323 | 0.218 | 0.223 | 0.292 | 0.292 |
Unemployed–informal | 0.418 | 0.435 | 0.553 | 0.359 | 0.475 |