Arbeitspapier
Social Security and Inequality in Belgium
Over the years, the Belgian social security system has undergone substantial reform with a prime focus on increasing older worker labor force participation. The paper explores the effect of past reforms on inequality in old age. We distinguish two separate effects: The mechanical effect considers the change in inequality and expected benefit levels due to the reforms for a fixed retirement age distribution. The behavioral effect accounts for the endogenous change caused by changes in the incentives to work. Our results show that mechanically, reforms have led to losses in expected benefits for all but the lowest income quintile. Behavioral changes had a positive but orders of magnitude smaller effect. Overall, inequality decreased as a result of reforms.
- Language
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 16735
- Classification
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Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Social Security and Public Pensions
Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
Retirement; Retirement Policies
- Subject
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social security and public pensions
old-age labor supply
retirement
pension reforms
inequality
- Event
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Geistige Schöpfung
- (who)
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Klinges, Giulia
Jousten, Alain
Lefèbvre, Mathieu
- Event
-
Veröffentlichung
- (who)
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Institute of Labor Economics (IZA)
- (where)
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Bonn
- (when)
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2024
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Klinges, Giulia
- Jousten, Alain
- Lefèbvre, Mathieu
- Institute of Labor Economics (IZA)
Time of origin
- 2024
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