Article (Scientific journals)
Retirement incentives in Belgium: estimations and simulations using SHARE data
Jousten, Alain; Lefebvre, Mathieu
2013In Economist (De), 161, p. 253-276
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The final version of the paper has been published as “Retirement incentives in Belgium: estimations and simulations using SHARE data”, DOI: 10.1007/s10645-013-9213-5 in De Economist. The final version of this publication is available at http://link.springer.com.


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Keywords :
pension; social security; early retirement
Abstract :
[en] The paper studies retirement behavior of wage‐earners in Belgium – for the first time using a rich survey dataset to analyze retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990). Exploring the data on individual life‐histories from SHARELIFE, we construct a measure of financial incentive to retire. 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 do regional differences. Against the general background of the 2020 strategy, we perform a set of policy simulations and illustrate the scope but also the limits associated with selective parametric reforms.
Disciplines :
Economic systems & public economics
Author, co-author :
Jousten, Alain ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Théorie monétaire et macroéconomie
Lefebvre, Mathieu  ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Economie politique et finances publiques
Language :
English
Title :
Retirement incentives in Belgium: estimations and simulations using SHARE data
Publication date :
2013
Journal title :
Economist (De)
ISSN :
0013-063X
eISSN :
1572-9982
Publisher :
Springer Science & Business Media B.V.
Volume :
161
Pages :
253-276
Peer reviewed :
Peer Reviewed verified by ORBi
Funders :
BELSPO - Service Public Fédéral de Programmation Politique scientifique [BE]
IWT - Agentschap voor Innovatie door Wetenschap en Technologie [BE]
Available on ORBi :
since 21 June 2013

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