Retirement incentives in Belgium: estimations and simulations using SHARE data
AbstractThe 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
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Bibliographic InfoPaper provided by Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège in its series CREPP Working Papers with number 1303.
Date of creation: 2013
Date of revision:
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Other versions of this item:
- Alain Jousten & Mathieu Lefebvre, 2013. "Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data," De Economist, Springer, vol. 161(3), pages 253-276, September.
- Jousten, Alain & Lefèbvre, Mathieu, 2013. "Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data," IZA Discussion Papers 7387, Institute for the Study of Labor (IZA).
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
This paper has been announced in the following NEP Reports:
- NEP-AGE-2013-06-04 (Economics of Ageing)
- NEP-ALL-2013-06-04 (All new papers)
- NEP-CMP-2013-06-04 (Computational Economics)
- NEP-LAB-2013-06-04 (Labour Economics)
- NEP-LMA-2013-06-04 (Labor Markets - Supply, Demand, & Wages)
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