Health Status, Disability and Retirement Incentives in Belgium
In: Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement
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.
(This abstract was borrowed from another version of this item.)
|This chapter was published in: |
|This item is provided by National Bureau of Economic Research, Inc in its series NBER Chapters with number 13324.|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James M. Poterba & Steven F. Venti & David A. Wise, 2010.
"The Asset Cost of Poor health,"
NBER Working Papers
16389, National Bureau of Economic Research, Inc.
- Poterba, James & Venti, Steven F. & Wise, David Alsgaard, 2011. "The Asset Cost of Poor Health," Scholarly Articles 4669670, Harvard Kennedy School of Government.
- Poterba, James M. & Venti, Steven F. & Wise, David A., 2011. "The Asset Cost of Poor Health," Working Paper Series rwp11-005, Harvard University, John F. Kennedy School of Government.
- JOUSTEN, Alain & LEFEBVRE, Mathieu & PERELMAN, Sergio & PESTIEAU, Pierre, .
"The effects of early retirement on youth unemployment: the case of Belgium,"
CORE Discussion Papers RP
-2199, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Alain Jousten & Mathieu Lefèbvre & Sergio Perelman & Pierre Pestieau, 2010. "The Effects of Early Retirement on Youth Unemployment: The Case of Belgium," NBER Chapters, in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 47-76 National Bureau of Economic Research, Inc.
- Pierre Pestieau & Mathieu LefÃ¨bvre & Alain Jousten & Sergio Perelman, 2008. "The Effects of Early Retirementon Youth Unemployment; The Case of Belgium," IMF Working Papers 08/30, International Monetary Fund.
- Desmet, Raphaël & Jousten, Alain & Perelman, Sergio & Pestieau, Pierre, 2003.
"Micro-Simulation of Social Security Reforms in Belgium,"
IZA Discussion Papers
735, Institute for the Study of Labor (IZA).
- Raphael Desmet & Alain Jousten & Sergio Perelman & Pierre Pestieau, 2007. "Microsimulation of Social Security Reforms in Belgium," NBER Chapters, in: Social Security Programs and Retirement around the World: Fiscal Implications of Reform, pages 43-82 National Bureau of Economic Research, Inc.
- Raphael Desmet & Alain Jousten & Sergio Perelman & Pierre Pestieau, 2003. "Micro-Simulation of Social Security Reforms in Belgium," NBER Working Papers 9494, National Bureau of Economic Research, Inc.
- Alain Jousten & Mathieu Lefebvre & Sergio Perelman, 2012.
"Disability in Belgium: There Is More Than Meets the Eye,"
in: Social Security Programs and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participatio, pages 251-276
National Bureau of Economic Research, Inc.
- Alain Jousten & Mathieu Lefebvre & Sergio Perelman, 2010. "Disability in Belgium: there is more than meets the eye," CREPP Working Papers 1006, Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège.
- Alain Jousten & Mathieu Lefebvre & Sergio Perelman, 2011. "Disability in Belgium: There is More than Meets the Eye," NBER Working Papers 17114, National Bureau of Economic Research, Inc.
- Stock, James H & Wise, David A, 1990.
"Pensions, the Option Value of Work, and Retirement,"
Econometric Society, vol. 58(5), pages 1151-80, September.
- James H. Stock & David A. Wise, 1988. "Pensions, The Option Value of Work, and Retirement," NBER Working Papers 2686, National Bureau of Economic Research, Inc.
- Dellis, Arnaud & Jousten, Alain & Perelman, Sergio, 2001.
"Micro-Modelling of Retirement in Belgium,"
CEPR Discussion Papers
2795, C.E.P.R. Discussion Papers.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:13324. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.