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Table 8 Welfare consequences

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

 

Low education (%)

Medium education (%)

High education (%)

General (%)

First policy

8.9

−0.4

−0.6

4.8

Second policy

7.8

−1.1

−1.8

3.9

Third policy

−0.5

−2.2

−3.2

−1.3

Fourth policy

8.0

−1.1

−1.5

4.0

  1. General is the weighted average with the weights (0.477, 0.365 and 0.158 respectively)