Trends in Social Security Incentives in Belgium
Alain Jousten and
No 31552, NBER Working Papers from National Bureau of Economic Research, Inc
In Belgium, a series of social security reforms have been implemented over the years with the overarching goal of increasing the labor force participation through better work incentives. Using individual-level administrative data, the paper studies the impact of those incentive-based reforms on observed changes in older workers’ employment patterns. We investigate how social security incentives and particularly their changes over time can explain the retirement decision. We calculate indicators of benefit entitlement and derive retirement incentive measures. Using micro-estimation techniques, we find that more generous retirement provision contribute to earlier retirement. Counterfactual reform simulations show strongly incentivizing effects at lower ages and more mixed results at higher ages – particularly for men.
JEL-codes: I30 J14 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-eur and nep-lma
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Forthcoming: Trends in Social Security Incentives in Belgium , Anne-Lore Fraikin, Alain Jousten, Mathieu Lefebvre. in Social Security Programs and Retirement around the World: The Effects of Reforms on Retirement Behavior , Börsch-Supan and Coile. 2023
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