A New Anatomy of the Retirement Process in Japan
AbstractIn Japan, retirement is a gradual process that transpires over a particularly long period of time. Using large scale micro-level datasets from the Survey of Employment of the Elderly compiled by the Japanese government, we provide some stylized facts on the development of retirement behavior since the 1980s and explore factors affecting the individual retirement decision. First, we observed a general declining trend in the proportion of retired individuals aged 55-59 (especially females) while the proportion of retired individuals aged 65-69 (especially males) increased. Second, the survival analysis on actual retirement age shows that males who worked as an expert/technician or manager before retirement or individuals receiving a larger public pension income are likely to retire earlier. Third, another survival analysis on expected retirement age shows that workers with lower job satisfaction in terms of rewards and males with a larger family size are more likely to retire earlier.
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Bibliographic InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series PIE/CIS Discussion Paper with number 458.
Length:  p.
Date of creation: Oct 2009
Date of revision:
Note: This version: October 2009
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More information through EDIRC
retirement; labor supply of the elderly; survival analysis; Japan;
Other versions of this item:
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-AGE-2009-11-21 (Economics of Ageing)
- NEP-ALL-2009-11-21 (All new papers)
- NEP-HAP-2009-11-21 (Economics of Happiness)
- NEP-LAB-2009-11-21 (Labour Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Takashi Oshio & Satoshi Shimizutani & Akiko Sato Oishi, 2010.
"Does Social Security Induce Withdrawal of the Old from the Labor Force and Create Jobs for the Young? The Case of Japan,"
in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 217-241
National Bureau of Economic Research, Inc.
- 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.
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- 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.
- Oshio, Takashi & Sato Oishi, Akiko & Shimizutani, Satoshi, 2008. "Social Security Reforms and Labor Force Participation of the Elderly in Japan," PIE/CIS Discussion Paper 407, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- 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.
- 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.
- ICHIMURA Hidehiko & SHIMIZUTANI Satoshi, 2011. "Retirement Process in Japan: New evidence from Japanese Study on Aging and Retirement (JSTAR)," Discussion papers 11080, Research Institute of Economy, Trade and Industry (RIETI).
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