TY  - JOUR
AU  - Jousten, Alain
AU  - Lefebvre, Mathieu
AU  - Perelman, Sergio
TI  - Health Status, Disability and Retirement Incentives in Belgium
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 20035
PY  - 2014
Y2  - April 2014
DO  - 10.3386/w20035
UR  - http://www.nber.org/papers/w20035
L1  - http://www.nber.org/papers/w20035.pdf
N1  - Author contact info:
Alain Jousten
University of Liege
Law Faculty, HEC-ULg and Tax Institute
Place des Orateurs 3
4000 Liege 1
BELGIUM
E-Mail: ajousten@ulg.ac.be

Mathieu Lefebvre
BETA University of Strasbourg
CREPP - Universite de Liege
Bvd du Rectorat 7 (B31) - B4000 Liège
Tel: ++32 4 366 31 03
Fax: ++32 4 366 31 06
E-Mail: mathieu.lefebvre@ulg.ac.be

Sergio Perelman
CREPP - HEC Management School
Universite de Liege
Bd. du Rectorat 7 (B31)
4000 Liege
BELGIUM
E-Mail: sergio.perelman@ulg.ac.be
M1  - published as Alain Jousten, Mathieu Lefebvre, Sergio Perelman. "Health Status, Disability, and Retirement Incentives in Belgium," in David A. Wise, editor, "Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement" University of Chicago Press (2016)

M3  - presented at "International Social Security", September 26-28, 2013
AB  - 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.
ER  -