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Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 7783
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special attention to the role of health status. We estimate probit models of retirement using data from SHARE. The results show that health and incentives matter in the decision to exit from the labor market. Based on these results, we simulate the effect of potential reforms on retirement.
Schlagwörter: 
unemployment
early retirement
disability
social security
pensions
labor force participation
JEL: 
H55
J21
J26
J14
Dokumentart: 
Working Paper

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