References of "Jousten, Alain"
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See detailThe benefits of separating early retirees from the unemployed: simulation results for Belgian wage earners
Desmet, Raphaël; Jousten, Alain ULg; Perelman, Sergio ULg

Report (2005)

The pool of early retirees is characterized by a large heterogeneity along several criteria. The present paper focuses on the key distinction between those in forced early retirement and those who retire ... [more ▼]

The pool of early retirees is characterized by a large heterogeneity along several criteria. The present paper focuses on the key distinction between those in forced early retirement and those who retire early by individual choice. We start by estimating a retirement probit model for older workers in Belgium. Based on these estimates, we then perform micro-simulations relating to a hypothetical actuarial reform of a pension system, i.e., a reform imposing on average actuarial neutrality with respect to the time of retirement. We explore two scenarios, one where the entire population is subjected to the actuarial system, and one where a duly screened sub-sample of the unemployed is shielded against these actuarial adjustment factors, a group we call the truly unemployed. We evaluate the impact on the average retirement age, the pension budgets as well as indicators of redistribution within the group of the elderly. We find that the extra budgetary gain of exposing this subgroup to the full-blown reform is modest, while the distributional cost is rather high. Our results thus comfort the idea that the budgetary cost of a focused unemployment system are moderate, and that returning the unemployment insurance to its primary role might be a desirable strategy. [less ▲]

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See detailPensions and savings in a monetary union: an analysis of capital flows
Jousten, Alain ULg; Legros, F.

in Artus, P.; Legros, F. (Eds.) Currency Areas in Financial Globalization (2005)

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See detailSome thoughts on the Law on Complementary Pensions in Belgium
Jousten, Alain ULg

in Simoens, D.; Pieters, D.; Put, J. (Eds.) et al Sociale zekerheden in vraagvorm - Liber amicorum Prof. Dr. Jef Van Langendonck (2005)

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See detailAssurance dépendance en Belgique: réflexions d'un économiste
Jousten, Alain ULg

in Revue Belge de Sécurité Sociale (2004), 1

L'objet de la présente étude est de porter un regard d'économiste sur la mise en place d'un tel système d'assurance dépendance, et ce aussi bien d'un point de vue tout à fait général que d'un point de vue ... [more ▼]

L'objet de la présente étude est de porter un regard d'économiste sur la mise en place d'un tel système d'assurance dépendance, et ce aussi bien d'un point de vue tout à fait général que d'un point de vue plus particulier qui est celui de la Belgique. [less ▲]

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See detailAge- and sex-stratified prevalence of physical disabilities and handicap in the general population.
Ethgen, Olivier ULg; Gillain, Daniel ULg; Gillet, Pierre ULg et al

in Aging Clinical & Experimental Research (2004), 16(5), 389-97

BACKGROUND AND AIMS: Our aim was to provide age- and sex-stratified prevalence estimates of physical disabilities and handicap in the general Belgian population. METHODS: A cross-sectional and ... [more ▼]

BACKGROUND AND AIMS: Our aim was to provide age- and sex-stratified prevalence estimates of physical disabilities and handicap in the general Belgian population. METHODS: A cross-sectional and demographically representative health interview survey was conducted nationwide in Belgium in 1997. The 8836 persons aged 15 years and over who answered the health interview were included in this study. Seventeen items from the survey encompassing main activities of daily living (ADL) and confining were analyzed. To provide prevalence estimates as detailed as possible, neither aggregation nor dichotomization were applied. RESULTS: Women consistently reported more disability than men: mobility (p < 0.001), transfer in-out bed (p < 0.001), transfer in-out chair (p < 0.001), dressing (p = 0.004), washing hands and face (p = 0.029), getting to and using toilet (p = 0.003), continence (p < 0.001), seeing (p < 0.001) and mastication (p < 0.001). As expected, there was a marked trend for increased prevalence of disability with increasing age for both sexes. Moderate disability arose mainly from the 25-34 age group for both sexes. For both genders, severe disability appeared mainly at higher ages, particularly for the 65-74 age group. Nevertheless, the data suggest that continence problems for women, mobility and transfer issues for men, as well as mastication problems for both genders, clearly emerge earlier than age 65. Regarding handicap, observed prevalence rates were increasing, in age as was the case for disability, but no differences were found between men or women, except for confinement to house/garden, for which women presented a higher rate in general (p < 0.001) and in the 75-84 age group (p = 0.036) in particular. CONCLUSIONS: This study shows the wide range of disability types in the general population and their association with handicap. While elderly individuals consistently report higher degrees of disability and handicap, attention should also be paid to younger age groups. Disability calls for wide, coherent and relevant medical as well as social responses. [less ▲]

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See detailMicro-modelling of retirement incentives in Belgium
Jousten, Alain ULg; Dellis, A.; Desmet, R. et al

in Gruber, J.; Wise, D. (Eds.) Social Security Programs and Retirement around the World: Micro Estimation (2004)

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See detailAnalyse de la cessation d'activité en Belgique
Jousten, Alain ULg; Dellis, A.; Desmet, R. et al

in Revue Française d'Economie (2003), XVIII

L’objectif de cette étude est de montrer l’influence du système de retraite sur la cessation d’activité. La première étape consiste à estimer les incitations financières implicites à ce système et ensuite ... [more ▼]

L’objectif de cette étude est de montrer l’influence du système de retraite sur la cessation d’activité. La première étape consiste à estimer les incitations financières implicites à ce système et ensuite à les introduire comme variables explicatives du départ à la retraite dans une régression de type probit. Le résultat majeur de cette contribution est d’indiquer le rôle significatif de ces incitations sur les décisions individuelles. La seconde étape consiste à utiliser les résultats de cette modélisation pour analyser l’effet de réformes sur la prolongation de l’activité. Il apparaît que l’aménagement de certaines règles d’octroi et de calcul des pensions pourrait inciter les travailleurs âgés à différer l’âge de leur retraite. [less ▲]

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See detailDépart à la retraite: une perspective internationale
Jousten, Alain ULg

in Revue Française d'Economie (2003), XVIII

Des différences internationales importantes persistent quant au taux d'activité des travailleurs âgés et à l'âge du départ à la retraite. Tandis que certains pays d'Europe continentale sont caractérisés ... [more ▼]

Des différences internationales importantes persistent quant au taux d'activité des travailleurs âgés et à l'âge du départ à la retraite. Tandis que certains pays d'Europe continentale sont caractérisés par des taux d'activités relativement faibles, d'autres pays développés ne connaissent pas cette tendance. Nous illustrons le rôle important joué par les décisions individuelles dans le contexte du départ à la retraite. [less ▲]

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See detailL'assurance dépendance: quels risques à assurer?
Jousten, Alain ULg

in Risques (2003), 55

La perte d'autonomie est un thème d'actualité dans bon nombre de pays développés, notamment vu le processus de vieillissement démographique qui est en cours. Malgré ce constat commun à la majeure partie ... [more ▼]

La perte d'autonomie est un thème d'actualité dans bon nombre de pays développés, notamment vu le processus de vieillissement démographique qui est en cours. Malgré ce constat commun à la majeure partie des pays, les réponses apportées ou proposées dans les différents pays semblent différer de façon fondamentale. Nous proposons différentes classifications qui permettent de mieux comprendre les enjeux quant à l'étendue et le financement des prestations couvertes par les systèmes d'assurance dépendance. [less ▲]

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See detailAnalyse de la cessation d'activité en Belgique
Dellis, Arnaud; Desmet, Raphaël; Jousten, Alain ULg et al

in 15ème Congrès des Economistes Belges de Langue Française (2002)

L’objectif de cette étude est de montrer l’influence du système de retraite sur la cessation d’activité. La première étape consiste à estimer les incitations financières implicites à ce système et ensuite ... [more ▼]

L’objectif de cette étude est de montrer l’influence du système de retraite sur la cessation d’activité. La première étape consiste à estimer les incitations financières implicites à ce système et ensuite à les introduire comme variables explicatives du départ à la retraite dans une régression de type probit. Le résultat majeur de cette contribution est d’indiquer le rôle significatif de ces incitations sur les décisions individuelles. La seconde étape consiste à utiliser les résultats de cette modélisation pour analyser l’effet de réformes sur la prolongation de l’activité. Il apparaît que l’aménagement de certaines règles d’octroi et de calcul des pensions pourrait inciter les travailleurs âgés à différer l’âge de leur retraite. [less ▲]

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See detailMicro-modeling of retirement in Belgium
Dellis, A.; Desmet, R.; Jousten, Alain ULg et al

Report (2002)

The present paper studies the retirement incentives for elderly people in Belgium. We model the incentive structure built into the various public retirement and early retirement systems. First, we compute ... [more ▼]

The present paper studies the retirement incentives for elderly people in Belgium. We model the incentive structure built into the various public retirement and early retirement systems. First, we compute indicators of benefit entitlement such as the social security wealth. Then, we use three different incentive measures based on the notion of social security wealth. In a third step, we perform an empirical estimation of micro-econometric probit and option value models. From our exceptionally rich and broad database, we are able to compute rather accurate measures of all individuals’ pension wealth, as well as of the implicit tax rates the elderly workers face in case of delayed retirement. We find strong evidence of social security based financial incentives inducing most workers to retire at the earliest possible stage. Finally, we use the derived parameter estimates from the probit models to simulate the responses to various policy changes. [less ▲]

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See detailLabor-mobility, Redistribution and Pension Reform in the European Union
Jousten, Alain ULg; Pestieau, Pierre ULg

in Feldstein, M.; Siebert, H. (Eds.) Social Security Pension Reform in Europe (2002)

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See detailDelays in claiming social security benefits
Jousten, Alain ULg; Diamond, P.; Coile, C. et al

in Journal of Public Economics (2002), 84

This paper focuses on Social Security benefit claiming behavior, a take-up decision that has been ignored in the previous literature. Using financial calculations and simulations based on an expected ... [more ▼]

This paper focuses on Social Security benefit claiming behavior, a take-up decision that has been ignored in the previous literature. Using financial calculations and simulations based on an expected utility maximization model, we show that delaying benefit claim for a period of time after retirement is optimal in a wide variety of cases and that gains from delay may be significant.We find that approximately 10% of men retiring before their 62nd birthday delay claiming for at least 1 year after eligibility. We estimate hazard and probit models using data from the New Beneficiary Data System to test four cross-sectional predictions. While the data suggest that too few men delay, we find that the pattern of delays by early retirees is generally consistent with the hypotheses generated by our theoretical model. [less ▲]

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See detailLife-cycle modelling of bequests and its implications for annuity valuation
Jousten, Alain ULg

in Journal of Public Economics (2001), 79

In this paper we introduce a linear bequest motive into a standard life-cycle model, both allowing for credit and annuity market imperfections. First, we characterize the consumption and wealth processes ... [more ▼]

In this paper we introduce a linear bequest motive into a standard life-cycle model, both allowing for credit and annuity market imperfections. First, we characterize the consumption and wealth processes.We find that consumption is non-increasing in the linear bequest parameter for the simplest certainty case, but that the same is not true for life-span uncertainty. Second, we study the issue of annuity valuation. For a sufficiently strong bequest motive, the true value of an annuity is equal to the actuarial value. This invalidates a previous claim that, for imperfect annuity markets, it is close to the simple financial value. [less ▲]

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See detailEarly retirement in Europe: A call for action
Jousten, Alain ULg

in CESIFO Forum (2001), 4

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See detailPensioner’s Income in the United States
Jousten, Alain ULg

in Disney, R.; Johnson, P. (Eds.) Pension Systems and Retirement Incomes across OECD Countries (2001)

Detailed reference viewed: 12 (2 ULg)