Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data

Arbeitspapier

The paper studies retirement behavior of wage-earners in Belgium - for the first time using rich survey data to explore retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990). Exploring the longitudinal nature of SHARELIFE, we construct measures of financial and non-financial incentive. Our analysis explicitly takes into account the different take-up rates of the various early retirement exit paths across time and ages. The results show that financial incentives play a strong role. Health and education also matter, as does regional variation - though the latter in an unexpected way. A set of policy simulations illustrate the scope and also the limits associated with selective parametric reforms.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 7387

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: pensions ; social security ; disability ; early retirement ; unemployment ; labor force participation

Contributors, Places and Time

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

Further information

• Handle: http://hdl.handle.net/10419/80680
• Last update: 10.03.2025, 11:42 AM CET