Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80680
Authors: 
Jousten, Alain
Lefèbvre, Mathieu
Year of Publication: 
2013
Series/Report no.: 
IZA Discussion Paper 7387
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.
Subjects: 
pensions
social security
disability
early retirement
unemployment
labor force participation
JEL: 
H55
J21
J26
J14
Document Type: 
Working Paper

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