Social Security Incentives in Belgium: An Analysis of Four Decades of Change
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 numerous retirement and social security program reforms have had a marked impact on incentives at the micro level. At the aggregate level, results are less clear-cut given the extreme diversity of programs and features in the Belgian institutional context.
The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Fraikin acknowledges financial support through a Doctoral Dissertation Fellowship from FNRS/FRESH contract.
Social Security Incentives in Belgium: An Analysis of Four Decades of Change, Anne-Lore Fraikin, Alain Jousten, Mathieu Lefebvre. in Social Security Programs and Retirement around the World: Reforms and Retirement Incentives, Börsch-Supan and Coile. 2021