August 2018

IZA DP No. 11775: Social Security Incentives in Belgium: An Analysis of Four Decades of Change

Anne-Lore Fraikin, Alain Jousten, Mathieu Lefèbvre

The paper traces labor market reforms over the last four decades. It provides estimates of retirement incentives for a selected set of typical worker profiles across time and socio-economic groups and links these series to the labor market performance in Belgium. The results show that the numerous retirement and social security program reforms have had a marked impact on incentives at the micro level. At the aggregate level, results are less clear-cut given the extreme diversity of programs and features in the Belgian institutional context.