Page Title


The FPB’s studies cover 11 main themes: Energy, Environmental economic accounts and analyses, International economy, Labour market, Macroeconomic forecasts and analyses, Public finances, Sectoral accounts and analyses, Social protection, demography and prospective studies, Structural studies, Sustainable development, Transport.

Labour market




Regional economic outlook 2024-2029 [18/07/2024]

On 18 July 2024, the Federal Planning Bureau, the Brussels Institute for Statistics and Analysis (BISA), Statistics Flanders and the Walloon Institute for Evaluation (IWEPS) published their economic outlook for the three regions.

Regional economic outlook 2024-2029 [18/07/2024]

This report presents the regional Economic Outlook 2024-2029, which is consistent with the national Economic Outlook published by the Federal Planning Bureau in June 2024. It is the result of a collaboration between FPB and the Brussels Institute for Statistics and Analysis (BISA), the Walloon Institute for Evaluation (IWEPS) and Statistics Flanders.

Evaluation of the « work bonus » measure: impact on wages and employment [01/07/2024]

The "work bonus" measure is designed to stimulate labour supply and fight employment traps. Our evaluation shows that the work bonus has a non-negligible positive effect on retention. On the other hand, the measure has no effect on the evolution of the number of hours of work and slows the growth of gross wages.



The FPB produces macroeconomic analyses and short-term and medium-term forecasts for Belgium on behalf of the federal government and the Central Economic Council. The labour market team focuses on wage cost, employment, labour supply, working time and commuting to work. It also conducts regional macroeconomic analyses jointly with or on behalf of the research departments of the regional authorities.

In addition it performs two types of microeconomic research. The effectiveness of federal and regional labour market policies is assessed ex post using microeconomic data. Second, the ex ante impact of welfare and tax policies reforms on labour supply, income and income distribution is assessed by means of microeconomic simulations.

Methods and tools

Macroeconomic analysis

  • Labour market modules feeding the macroeconomic models HERMES and HERMREG:
    • Fully integrated or out-of-model modules for working time, labour cost, employment allocation across labour categories at industry level, service-voucher employment (HERMES and HERMREG) and commuting to work (HERMREG);
    • An out-of-model sociodemographic module used for labour supply and replacement labour demand projections.
  • Data sources: detailed administrative labour market data (from the National Social Security Office, the National Institute for the Social Security of the Self-employed, and the National Employment Office) and Statbel’s labour force survey data.

Microeconomic analysis

  • Econometric research into employment programmes and labour cost policies including cluster, panel-data, difference-in-differences, duration, and regression-discontinuity-design analyses with control groups;
  • Econometric research into the impact of wages, tax and parafiscal policies on the supply of labour and the distribution of income using the model LASER. LASER is a discrete-choice model relying on the database of the model EXPEDITION.


Please do not visit, its a trap for bots