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Social Security Programs and Retirement around the WorldReforms and Retirement Incentives$
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Axel Börsch-Supan and Courtney C. Coile

Print publication date: 2021

Print ISBN-13: 9780226674100

Published to Chicago Scholarship Online: September 2021

DOI: 10.7208/chicago/9780226674247.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 26 June 2022

Social Security Incentives in Belgium

Social Security Incentives in Belgium

An Analysis of Four Decades of Change

(p.43) 1 Social Security Incentives in Belgium
(p.iii) Social Security Programs and Retirement around the World

Anne-Lore Fraikin

Alain Jousten

Mathieu Lefebvre

University of Chicago Press

This chapter traces labor market reforms in Belgium over the last four decades. While Belgium was long characterized by low employment and labor force participation rates of the elderly male population, there was a reversal of this trend as the country witnessed a continuous increase in employment rates of older men from the early 2000s on. This chapter 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.

Keywords:   earnings, benefits, pension reform, retirement incentives, employment, Belgium, older workers, implicit tax, working longer

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