We examine how social security programs have affected the labor force participation (LFP) of the elderly over the past forty years in Japan. Using publicly available data, we construct forwardlooking incentive measures for inducing retirement, to ascertain the actual changes in the generosity of the programs and to explore the impact of the reforms on the labor supply of the elderly. Our regression analysis shows that the LFP of the elderly is significantly sensitive to the measures, and our counter-historical simulations show that since 1985, social security reforms have significantly encouraged the elderly to remain longer in the labor force.
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Paper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series PIE/CIS Discussion Paper with number
407.
Length: 34 p. Date of creation: Oct 2008 Date of revision: Handle: RePEc:hit:piecis:407
Note: This paper was motivated by the International Social Security Project of the National Bureau of Economic Research (NBER) in which the authors participated. Contact details of provider: Web page: http://cis.ier.hit-u.ac.jp/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Koji OHTAGAKI).
Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies