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Social Security Pensions and Intergenerational Equity: The Japanese Case

In: Intergenerational Equity and Sustainability

Author

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  • Noriyuki Takayama

Abstract

Japan already has the oldest population in the world. It built a generous social security pension programme, but since 2001 the income surplus of the principal pension programme has turned into a deficit, and from then until the 2004 reforms, its balance sheet, which showed a huge excess of liabilities, engendered a growing distrust of the government’s commitment on pensions. The Japanese have been increasingly concerned with the incentive-compatibility problem.

Suggested Citation

  • Noriyuki Takayama, 2007. "Social Security Pensions and Intergenerational Equity: The Japanese Case," International Economic Association Series, in: John Roemer & Kotaro Suzumura (ed.), Intergenerational Equity and Sustainability, chapter 3, pages 36-52, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-23676-9_3
    DOI: 10.1057/9780230236769_3
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    Cited by:

    1. Mehmet Karacuka & Asad Zaman, 2012. "The empirical evidence against neoclassical utility theory: a review of the literature," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 3(4), pages 366-414.

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