identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most …Many Belgian retire well before the statutory retirement age. Numerous exit routes from the labor force can be … prominent ones. We analyze the retirement decision of Belgian workers adopting an option value framework, and pay special …

reemployment wage insurance could fully cover these losses, but are costly to provide. Severance pay has emerged as a supplemental … functions as scheduled (partial) unemployment insurance and scheduled wage insurance. Consumption smoothing over time through … access to retirement accounts. …