The present Paper studies the retirement incentives for elderly people in Belgium. We model the incentive structure … built into the various public early retirement and retirement systems. First, we compute indicators of benefit entitlement … as of the implicit tax rates the elderly workers face in case of delayed retirement. We find strong evidence of social …

retirement plans of middle-aged workers (aged 45-55). Our results indicate that approximately two-thirds of men and more then … half of women appear to be making standard retirement plans. At the same time, more than one in five individuals seem to … have delayed their retirement planning and approximately one in ten either do not know when they expect to retire or expect …

Major events in the life of an elderly individual, such as retirement, a significant decrease in income, death of the …

spouse is not employed. Observed covariates, including wages and retirement benefits, help to explain these patterns, but …

This paper studies the design of retirement and disability policies. It illustrates the often observed exit from the … social welfare. Benefits depend on retirement age and on the (reported) health status. We determine first- and second …-best optimal benefit levels and retirement ages and focus on the distortions which may be induced in the individuals’ retirement …

This Paper claims that technical progress induces early retirement of older workers. It supports this claim both …

retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional … the policy reform on early retirement behaviour. We use a large administrative dataset, the Dutch Income Panel 1989 …-2000, to estimate hazard rate models for early retirement. We conclude that the policy reform induced workers to postpone early …