Fraikin, Anne-Lore. <br/><br/>
Trends in Social Security Incentives in Belgium / 
Anne-Lore Fraikin, Alain Jousten, Mathieu Lefebvre. 
 - Cambridge, Mass.  National Bureau of Economic Research  2023. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w31552 .
 - Working Paper Series (National Bureau of Economic Research)  no. w31552. .
<br/><br/> August 2023. 
<br/><br/> In Belgium, a series of social security reforms have been implemented over the years with the overarching goal of increasing the labor force participation through better work incentives. Using individual-level administrative data, the paper studies the impact of those incentive-based reforms on observed changes in older workers' employment patterns. We investigate how social security incentives and particularly their changes over time can explain the retirement decision. We calculate indicators of benefit entitlement and derive retirement incentive measures. Using micro-estimation techniques, we find that more generous retirement provision contribute to earlier retirement. Counterfactual reform simulations show strongly incentivizing effects at lower ages and more mixed results at higher ages - particularly for men. 
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<br/><br/><label>Subjects--Topical Terms: </label><br/>General<br/>Economics of the Elderly &bull; Economics of Disability &bull; Non-Labor Market Discrimination<br/>Retirement &bull; Retirement Policies