Social Security and Retirement in Belgium

52 Pages Posted: 20 Sep 2000 Last revised: 11 Nov 2021

See all articles by Pierre Pestieau

Pierre Pestieau

University of Liège - Research Center on Public and Population Economics; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)

Jean-Philippe Stijns

University of California, Berkeley - Department of Economics; Universite de Liege

Date Written: September 1997

Abstract

Belgium like many other industrialized countries is facing serious problems in financing its social security. Whereas the effects of aging are still to come, Belgium currently experiences one of the lowest attachments to the labor force of older persons. This paper presents the key features of the Belgian social security system and focuses on labor force participation and benefit receipt. Most of the attention is given to the interaction between retirement behavior and the various social security schemes. By measuring the implicit tax/subsidy rate on work after 55 through these schemes, we can so explain the actual pattern of early and normal retirement of Belgian older workers.

Suggested Citation

Pestieau, Pierre and Stijns, Jean-Philippe, Social Security and Retirement in Belgium (September 1997). Available at SSRN: https://ssrn.com/abstract=225928

Pierre Pestieau (Contact Author)

University of Liège - Research Center on Public and Population Economics ( email )

Boulevard du Rectorat, 7, Batiment 31
Sart-Tilman
B-4000 Liege, 4000
Belgium
+32 4 366 3108 (Phone)
+32 4 366 3106 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

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Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE) ( email )

34 Vopie Roman Pays
Louvain la Neuve
Belgium

Jean-Philippe Stijns

University of California, Berkeley - Department of Economics ( email )

549 Evans Hall #3880
Berkeley, CA 94720-3880
United States
510-501-8662 (Phone)
510-642-6614 (Fax)

HOME PAGE: http://www.well.com/user/jeanphi/resume.html

Universite de Liege ( email )

Faculte d' Economie Boulevard du Rectorat 7 (B31)
B-4000 Liege
Belgium

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