Skip to main content

Table 4 Parameters of the Mincer equation

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

Coefficients estimated from the Mincer equations
Name Symbol Value Standard deviation
Constant formal \(\alpha ^{f}_{0}\) 0.2606 (0.0227)
Constant informal \(\alpha ^{i}_{0}\) 0.3962 (0.0805)
Schooling formal \(\alpha ^{f}_{1}\) 0.2982 (0.0027)
Schooling informal \(\alpha ^{i}_{1}\) 0.2707 (0.0056)
Experience formal \(\alpha ^{f}_{2}\) 0.1622 (0.0035)
Experience informal \(\alpha ^{i}_{2}\) 0.0979 (0.0057)
Experience 2 formal \(\alpha ^{f}_{3}\) −0.0117 (0.0004)
Experience 2 informal \(\alpha ^{i}_{3}\) −0.0077 (0.0007)