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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...
Persistent link: https://www.econbiz.de/10011543602
Persistent link: https://www.econbiz.de/10012107676
The paper traces labor market reforms over the last four decades. It provides estimates of retirement incentives for a selected set of typical worker profiles across time and socio-economic groups and links these series to the labor market performance in Belgium. The results show that the...
Persistent link: https://www.econbiz.de/10012911186
The paper traces labor market reforms over the last four decades. It provides estimates of retirement incentives for a selected set of typical worker profiles across time and socioeconomic groups and links these series to the labor market performance in Belgium. The results show that the...
Persistent link: https://www.econbiz.de/10012906323
Persistent link: https://www.econbiz.de/10013486225
The paper uses a rich administrative dataset on Belgian older workers to provide new evidence on the impact of social security systems on retirement behavior. In addition to measures of financial incentives induced by the social security systems, we construct an eligibility status indicator....
Persistent link: https://www.econbiz.de/10013054782
This paper investigates the retirement patterns of married couples in Belgium. To forecast retirement behavior, we use administrative Social Security data from 2003 to 2017 and a discrete choice random utility model. In particular, we concentrate on the spousal bonus of pension payments to...
Persistent link: https://www.econbiz.de/10014366803
The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly, many studies of migration's impact on pensions often focus on aggregate outcomes - system sustainability or distributive characteristics. The present paper provides a fresh look...
Persistent link: https://www.econbiz.de/10009682342
The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly, many studies of migration’s impact on pensions often focus on aggregate outcomes—system sustainability or distributive characteristics. The present article provides a fresh...
Persistent link: https://www.econbiz.de/10011397718
The paper traces labor market reforms over the last four decades. It provides estimates of retirement incentives for a selected set of typical worker profiles across time and socioeconomic groups and links these series to the labor market performance in Belgium. The results show that the...
Persistent link: https://www.econbiz.de/10012481023