Social Security Incentives in Belgium: An Analysis of Four Decades of Change
41 Pages Posted: 26 Dec 2018 Last revised: 3 May 2023
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Social Security Incentives in Belgium: An Analysis of Four Decades of Change
Date Written: December 2018
Abstract
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.
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