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Retirement incentives in Belgium: estimations and simulations using SHARE data

Alain Jousten () and Mathieu Lefebvre ()

CREPP Working Papers from Centre de Recherche en Economie Publique et de la Population (CREPP) (Research Center on Public and Population Economics) HEC-Management School, University of Liège

Abstract: The 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

Date: 2013
New Economics Papers: this item is included in nep-age, nep-cmp, nep-lab and nep-lma
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http://www2.ulg.ac.be/crepp/papers/crepp-wp201303.pdf (application/pdf)

Related works:
Journal Article: Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data (2013) Downloads
Working Paper: Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data (2013) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:rpp:wpaper:1303

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