Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/114000
Authors: 
Dejemeppe, Muriel
Smith, Catherine
Van der Linden, Bruno
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 9115
Abstract: 
In December 2005, the Belgian government adopted the law on the Intergenerational Solidarity Pact (ISP) aiming at increasing the employment rate of older workers. The main policies of the ISP consist in a pension bonus, reductions in employers' social security contributions and measures discouraging early retirement while encouraging working time reductions at the end of the career. We aim at evaluating the overall effectiveness of the ISP in rising the employment rate of older workers. To that purpose, we compare the actual evolution of the employment rate after the implementation of the policies to its predicted (counterfactual) evolution based on the estimation of a macroeconometric model in a period prior to the ISP. The results suggest a slight positive impact of the ISP on the employment rate of older workers but to the detriment of the younger workers. However, there is a lack of statistical power to draw firm conclusions on the overall effect of the ISP.
Subjects: 
aging
evaluation of labor market policies
macro-econometrics
JEL: 
J21
J26
H53
E32
Document Type: 
Working Paper

Files in This Item:
File
Size
455.74 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.