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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)