publication . Article . Preprint . Research . 2013

Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data

Jousten, Alain; Lefèbvre, Mathieu;
Open Access
  • Published: 01 Jan 2013 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
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 ...
Subjects
free text keywords: H55, J21, J26, J14, pensions, social security, disability, early retirement, unemployment, labor force participation, social security, disability, early retirement, pensions, unemployment, labor force participation, ddc:330, Economics and Econometrics, Labour economics, Economics, media_common.quotation_subject, media_common, Public finance, Financial incentives, Pension, Incentive, Survey data collection, Parametric statistics, jel:H55, jel:J21, jel:J26, jel:J14
Funded by
NIH| RAND CENTER FOR THE STUDY OF AGING
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 5P30AG012815-10
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
EC| SHARE-PREP
Project
SHARE-PREP
Upgrading the Survey of Health, Ageing and Retirement in Europe – preparatory phase
  • Funder: European Commission (EC)
  • Project Code: 211909
  • Funding stream: FP7 | SP4 | INFRA
,
NIH| FINANCIAL STATUS--RETIREMENT SAVING PROGRAMS
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 2P01AG005842-04
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
NIH| HEALTH AND ECONOMIC STATUS IN OLDER POPULATIONS
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 5P01AG008291-19
  • Funding stream: NATIONAL INSTITUTE ON AGING
,
NIH| Health and Retirement Study Yrs 23-28
Project
  • Funder: National Institutes of Health (NIH)
  • Project Code: 3U01AG009740-24S2
  • Funding stream: NATIONAL INSTITUTE ON AGING

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