Japan's public pension system: What's wrong with it and how to fix it
AbstractIn this paper, I breifly discuss the current structure of Japan's public pension system, the history of that system, and some of the problems with the current system and then make a number of recommendations for reforming the system. I argue that Japan's current public pension system hasan adverse impact on the inter- and intragenerational allocation of resources and that it discourages private saving as well as the labor supply of the aged and of women but that these distortions can be corrected by reforming the system in the appropriate ways.
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Bibliographic InfoArticle provided by Elsevier in its journal Japan and the World Economy.
Volume (Year): 11 (1999)
Issue (Month): 2 (April)
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Web page: http://www.elsevier.com/locate/inca/505557
Other versions of this item:
- Charles Yuji Horioka, 1997. "Japan's public pension system: what is wrong with it and how to fix it," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 41(Jun), pages 174-186.
- Horioka, C.Y., 1997. "Japan's Public Pension System: What's Wrong with it and how to Fix it?," ISER Discussion Paper 0447, Institute of Social and Economic Research, Osaka University.
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
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- Feldstein, Martin & Liebman, Jeffrey B., 2002.
Handbook of Public Economics,
in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 32, pages 2245-2324
- Ono, Hiroshi & Rebick, Marcus, 2002. "Impediments to the Productive Employment of Labor in Japan," Working Paper Series in Economics and Finance 500, Stockholm School of Economics.
- Hiroshi Ono & Marcus Rebick, 2003. "Constraints on the Level and Efficient Use of Labor," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 225-258 National Bureau of Economic Research, Inc.
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