TY  - RPRT
        AU  - Jousten, Alain
AU  - Lefèbvre, Mathieu
        TI  - Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data
        PY  - 2013/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7387
        UR  - https://www.iza.org/publications/dp7387
        AB  - 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.
        KW  - social security
KW  - disability
KW  - early retirement
KW  - pensions
KW  - unemployment
KW  - labor force participation
        ER  -