[en] 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.
Disciplines :
Economic systems & public economics
Author, co-author :
Jousten, Alain ; Université de Liège - ULiège > HEC-Ecole de gestion : UER > Théorie monétaire et macroéconomie
Perelman, Sergio ; Université de Liège - ULiège > HEC - École de gestion de l'ULiège > HEC-Ecole de gestion
Lefebvre, Mathieu ; Université de Liège - ULiège > HEC-Ecole de gestion : UER > Economie politique et finances publiques
Language :
English
Title :
Health Status, Disability and Retirement Incentives in Belgium
Publication date :
2016
Main work title :
Social Security Programs and Retirement around the World: Disability Insurance Programs and Retirement
Author, co-author :
Wise, David
Publisher :
University of Chicago Press and NBER, Chicago, United States
