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Retirement Process in Japan: New evidence from Japanese Study on Aging and Retirement (JSTAR)

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  • ICHIMURA Hidehiko
  • SHIMIZUTANI Satoshi

Abstract

While the average retirement age is higher in Japan, the retirement process has not been in-depth explored from multiple factors including economic, health and family statuses. We examine the transition of work status and working hours for Japanese males and females using JSTAR (Japanese Study on Aging and Retirement) in 2007 and 2009. We provide some empirical patterns of retirement. First, those who are aged 60 or over and retired stay retired two years later, either male or female, while some portion of those who are aged in 50s come back to work. Second, the probability to retire in 2009 for those who were not retired in 2007 ranges 20-30%. Higher index workers in their 60s are less likely to retire but quickly retire if working hours are reduced. Third, higher index workers seem to keep working at the current working hours than lower index counterparts.

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Bibliographic Info

Paper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 11080.

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Length: 39 pages
Date of creation: Dec 2011
Date of revision:
Handle: RePEc:eti:dpaper:11080

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References

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  1. Shimizutani, Satoshi & Oshio, Takashi, 2012. "Public Pension Benefits Claiming Behavior: New Evidence from the Japanese Study on Aging and Retirement," CIS Discussion paper series 573, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  2. Takashi Oshio & Satoshi Shimizutani, 2012. "Disability Pension Program and Labor Force Participation in Japan: An Historical Perspective," NBER Chapters, in: Social Security Programs and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participatio, pages 391-417 National Bureau of Economic Research, Inc.
  3. Shimizutani, Satoshi & Oshio, Takashi, 2009. "New Evidence on Initial Transition from Career Job to Retirement in Japan," PIE/CIS Discussion Paper 430, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  4. ICHIMURA Hidehiko & SHIMIZUTANI Satoshi & HASHIMOTO Hideki, 2009. "JSTAR First Results 2009 Report," Discussion papers 09047, Research Institute of Economy, Trade and Industry (RIETI).
  5. Shimizutani, Satoshi, 2009. "A New Anatomy of the Retirement Process in Japan," PIE/CIS Discussion Paper 458, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  6. Oshio, Takashi & Shimizutani, Satoshi & Sato Oishi, Akiko, 2008. "Does Social Security Induce Withdrawal of the Old from the Labor Force and Create Jobs for the Young?: The Case of Japan," PIE/CIS Discussion Paper 408, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  7. Takashi Oshio & Akiko Sato Oishi & Satoshi Shimizutani, 2011. "Social Security Reforms And Labour Force Participation Of The Elderly In Japan," The Japanese Economic Review, Japanese Economic Association, vol. 62(2), pages 248-271, 06.
  8. Rebick Marcus E., 1995. "Rewards in the Afterlife: Late Career Job Placements as Incentives in the Japanese Firm," Journal of the Japanese and International Economies, Elsevier, vol. 9(1), pages 1-28, March.
  9. Alan L. Gustman & Thomas Steinmeier, 2009. "Integrating Retirement Models," NBER Working Papers 15607, National Bureau of Economic Research, Inc.
  10. Satoshi Shimizutani & Izumi Yokoyama, 2009. "Japan's Long-Term Employment Practice Survived? Developments Since the 1990s," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 62(3), pages 313-326, April.
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Cited by:
  1. Satoshi Shimizutani & Takashi Oshio & Mayu Fujii, 2014. "Option Value of Work, Health Status, and Retirement Decisions in Japan: Evidence from the Japanese Study on Aging and Retirement (JSTAR)," NBER Working Papers 20001, National Bureau of Economic Research, Inc.

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