Health Status, Disability and Retirement Incentives in Belgium

Arbeitspapier

Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special attention to the role of health status. We estimate probit models of retirement using data from SHARE. The results show that health and incentives matter in the decision to exit from the labor market. Based on these results, we simulate the effect of potential reforms on retirement.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 7783

Classification and Topics

• Classification: Wirtschaft ; Social Security and Public Pensions ; Labor Force and Employment, Size, and Structure ; Retirement; Retirement Policies ; Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
• Subject: unemployment ; early retirement ; disability ; social security ; pensions ; labor force participation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Jousten, Alain ; Lefèbvre, Mathieu ; Perelman, Sergio
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/89807
• Last update: 10.03.2025, 11:43 AM CET