Table 9 10-year returns using alternative definitions of informality
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
|---|---|---|---|---|---|---|---|---|
Informal: self-employed and salaried informal in same category | Informal: not using information on medical benefits | Informal: all self-employed and small firms | Informal: based on medical benefits only | |||||
OLS | IV | OLS | IV | OLS | IV | OLS | IV | |
Employer | −0.061 | 0.218 | 0.036 | 0.196 | −0.028 | 0.114 | −0.089 | −0.128 |
(0.105) | (0.149) | (0.118) | (0.170) | (0.099) | (0.140) | (0.117) | (0.145) | |
Occupation | −0.181** | −0.136 | −0.136 | −0.037 | −0.097 | −0.056 | −0.166* | −0.110 |
(0.083) | (0.125) | (0.083) | (0.125) | (0.080) | (0.119) | (0.098) | (0.138) | |
Industry | 0.082 | 0.092 | 0.163 | 0.125 | 0.018 | 0.009 | 0.013 | 0.266 |
(0.108) | (0.152) | (0.104) | (0.146) | (0.100) | (0.141) | (0.141) | (0.186) | |
Potential experience | 0.150*** | 0.139*** | 0.126*** | 0.120*** | 0.135*** | 0.127*** | 0.038 | 0.012 |
(0.031) | (0.030) | (0.027) | (0.027) | (0.028) | (0.027) | (0.037) | (0.039) | |
Formal | 0.197* | 0.206 | −0.070 | −0.006 | 0.183* | 0.344** | 0.343** | 0.265* |
(0.107) | (0.152) | (0.133) | (0.193) | (0.103) | (0.148) | (0.118) | (0.147) | |
Informal | −0.137 | −0.265** | −0.073 | −0.089 | −0.080 | −0.014 | −0.056 | −0.145 |
(0.098) | (0.132) | (0.113) | (0.157) | (0.091) | (0.126) | (0.123) | (0.142) | |