Health Status, Disability and Retirement Incentives in Belgium
نویسندگان
چکیده
Health Status, Disability and Retirement Incentives in Belgium 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. JEL Classification: H55, J21, J26, J14
منابع مشابه
Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data
Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data 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 o...
متن کاملSpousal and Survivor Benefits in Option Value Models of Retirement: An Application to Belgium
Spousal and Survivor Benefits in Option Value Models of Retirement: An Application to Belgium1 We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological extensions to better reflect the respective incentives faced by singles and couples. Our results show that a more comprehensive modelling of couples’ incentives leads to very differen...
متن کاملObesity, job satisfaction and disability at older ages in Europe.
This study investigates the interaction between obesity and disability and its impact on the levels of job satisfaction reported by older workers (aged 50-64) in ten European countries (Denmark, Sweden, Austria, Belgium, France, Germany, The Netherlands, Switzerland, Italy and Spain). Using longitudinal data from the Survey of Health, Ageing and Retirement in Europe for the years 2004, 2007 and...
متن کاملA prospective study of occupational status and disability retirement among employees with diabetes in Denmark.
The aim of this study was to examine the extent and distribution of disability retirement among people with diabetes in the workforce. Using four population registries, the study examined the relative rates of disability retirement among employees in Denmark over a 10-year period. The findings highlight that the risk of disability retirement increases as occupational status decreases. With an a...
متن کاملThe erosion of retiree health benefits and retirement behavior: implications for the disability insurance program.
The effects of retiree health insurance on the decision to retire have not been examined until recently. It is an area of increasing significance because of rising health care costs for retirees, the uncertain future of Medicare, and increased life expectancy. In general, studies suggest that individual retirement decisions are strongly responsive to the availability of retiree health insurance...
متن کامل