Health Status, Disability and Retirement Incentives in Belgium

Alain Jousten, Mathieu Lefebvre and Sergio Perelman

No 20035, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: H55 J21 J26 (search for similar items in EconPapers)
Date: 2014-04
New Economics Papers: this item is included in nep-age, nep-dcm, nep-eur, nep-hea, nep-ias, nep-lab and nep-lma
Note: AG
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Citations: View citations in EconPapers (7)

Published as Health Status, Disability, and Retirement Incentives in Belgium , Alain Jousten, Mathieu Lefebvre, Sergio Perelman. in Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement , Wise. 2016

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Related works:
Chapter: Health Status, Disability, and Retirement Incentives in Belgium (2014)
Working Paper: Health Status, Disability and Retirement Incentives in Belgium (2013)
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