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Belgium: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper focuses on the fiscal challenge for Belgium in coping with population aging, including the sustainability of prevailing fiscal federalism arrangements across all levels of governments. The analysis demonstrates that the current strategy of upfront consolidation is likely to fall short of achieving sustainability. Further reductions in aging-related spending and growth and productivity-enhancing reforms beyond those assumed under the authorities’ strategy appear to be necessary. The paper also assesses whether the wage bargaining framework, a key labor market institution, is conducive to preserving external competitiveness and raising employment rates.

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  • International Monetary Fund, 2007. "Belgium: Selected Issues," IMF Staff Country Reports 2007/088, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/088
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    References listed on IDEAS

    as
    1. Robert Plasman & François Rycx & Ilan Tojerow, 2006. "Industry wage differentials, unobserved ability, and rent-sharing: evidence from matched employer-employee, 1992-2005," DULBEA Working Papers 06-14.RS, ULB -- Universite Libre de Bruxelles.
    2. Robert Plasman & François Rycx & Ilan Tojerow, 2006. "Industry wage differentials, unobserved ability, and rent-sharing : Evidence from matched worker-firm data, 1995-2002," Working Paper Research 90, National Bank of Belgium.
    3. Peter Stockman, 2004. "Working Paper 11-04 - Personal income tax reform in Belgium : The short-, medium-and long-run impact on wages, employment and value added re-examined by LABMOD," Working Papers 0411, Federal Planning Bureau, Belgium.
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