%0 Report
        %A Jousten, Alain
%A Lefèbvre, Mathieu
        %T Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data
        %D 2013
        %8 2013 May
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7387
        %U https://www.iza.org/publications/dp7387
        %X 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.
        %K social security
%K disability
%K early retirement
%K pensions
%K unemployment
%K labor force participation