TY  - RPRT
        AU  - Jousten, Alain
AU  - Lefèbvre, Mathieu
AU  - Perelman, Sergio
        TI  - Health Status, Disability and Retirement Incentives in Belgium
        PY  - 2013/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7783
        UR  - https://www.iza.org/publications/dp7783
        AB  - 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.
        KW  - unemployment
KW  - early retirement
KW  - disability
KW  - social security
KW  - pensions
KW  - labor force participation
        ER  -