DISCUSSION

repec.nep.lma

n?u=RePEc:iza:izadps:dp10389&r=lma

Table VI Returns to education and pensionable employment by age cohort

Legalistic

Informality

No Pension = 1 20-25 26-30 31-35 36-40 41-45 46-50 51-55 56-60 61-65 66-70 71-98

Indigenous 0.0191 -0.0851 -0.0285 0.0331 0.0401 -0.0133 -0.0400 -0.0275 -0.0105 -0.0464 -0.0632

(0.145) (0.0734) (0.0495) (0.0440) (0.0487) (0.0560) (0.0637) (0.0561) (0.0834) (0.105) (0.0604)

Primary -0.167 0.0227 -0.0119 -0.00260

0.00028

4 -0.0131 -0.0158

-

0.118**

* -0.0327 -0.0250 -0.0469

(0.107) (0.0483) (0.0359) (0.0343) (0.0325) (0.0348) (0.0404) (0.0440) (0.0700) (0.0776) (0.0485)

Secondary -0.174 -0.0956

-

0.154**

*

-

0.116**

*

-

0.170**

*

-

0.235**

*

-

0.234**

*

-

0.374**

*

-

0.224**

*

-

0.405**

*

-

0.264**

*

(0.127) (0.0591) (0.0448) (0.0410) (0.0374) (0.0490) (0.0532) (0.0572) (0.0856) (0.108) (0.0779)

-

0.311**

*

-

0.412**

*

-

0.430**

*

-

0.498**

*

-

0.590**

*

-

0.473**

*

-

0.621**

*

-

0.473**

*

-

0.488**

*

-

0.406**

*

Tertiary -0.326*

(0.178) (0.0868) (0.0680) (0.0557) (0.0550) (0.0569) (0.0649) (0.0601) (0.0864) (0.128) (0.0758)

I*Primary 0.0178 0.0487 -0.0452 -0.00619 -0.0668 0.00830 -0.0976 0.0650 -0.0197 -0.0958 -0.0817

(0.138) (0.0765) (0.0590) (0.0501) (0.0502) (0.0528) (0.0661) (0.0773) (0.110) (0.140) (0.0793)

I*Secondary 0.00759 0.0935 0.105 0.0234 0.0709 0.135* 0.144* 0.0178 -0.0127 0.0974 0.134

(0.162) (0.0874) (0.0662) (0.0629) (0.0634) (0.0782) (0.0752) (0.107) (0.135) (0.190) (0.156)

I*Tertiary 0.156 0.167 -0.0198 -0.0155 -0.0128 0.0877 -0.104 0.0592 -0.00204 0.00579 -0.0651

(0.223) (0.133) (0.113) (0.0805) (0.0906) (0.103) (0.118) (0.0968) (0.177) (0.194) (0.104)

Constant

0.947** 0.801** 1.301** 0.999** 0.850** 0.444** 0.944** 0.627**

1.370**

* * * * * * * * 0.223 0.537** *

(0.232) (0.119) (0.176) (0.0874) (0.143) (0.118) (0.134) (0.171) (0.260) (0.269) (0.218)

Observations 700 1,297 1,926 2,184 2,320 2,275 1,928 1,611 1,198 953 1,583

R-squared 0.543 0.564 0.530 0.547 0.506 0.535 0.549 0.594 0.611 0.693 0.647

Note: *** p

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