Health Status, Disability, and Retirement Incentives in Belgium

Alain Jousten, Mathieu Lefebvre, Sergio Perelman

Chapter in NBER book Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement (2016), David A. Wise, editor (p. 179 - 209)
Conference held September 26-28, 2013
Published in January 2016 by University of Chicago Press
© 2016 by the National Bureau of Economic Research
in NBER Book Series - International Social Security

Many Belgians retire well before the statutory retirement age. Numerous exit routes from the labor force can be identified: oldā€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 we pay special attention to the role of health status, in particular the potential link between health status, disability insurance and retirement for contractual wage earners aged 50 to 64. We estimate probit models of retirement using data from the Survey of Health, Ageing and Retirement in Europe (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.

download in pdf format
   (1173 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI):

This chapter first appeared as NBER working paper w20035, Health Status, Disability and Retirement Incentives in Belgium, Alain Jousten, Mathieu Lefebvre, Sergio Perelman
Users who downloaded this chapter also downloaded* these:
Dellis, Desmet, Jousten, and Perelman Micro-Modeling of Retirement in Belgium
Pestieau and Stijns Social Security and Retirement in Belgium
Jousten, Lefebvre, and Perelman Disability in Belgium: There Is More Than Meets the Eye
Brugiavini and Peracchi Health Status, Disability Insurance, and Incentives to Exit the Labor Force in Italy: Evidence from SHARE
Banks, Emmerson, and Tetlow Effect of Pensions and Disability Benefits on Retirement in the United Kingdom
NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us