Japan's public pension system: What's wrong with it and how to fix it
In 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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- Feldstein, Martin S, 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 905-26, Sept./Oct.
- Martin Feldstein & Jeffrey B. Liebman, 2001.
NBER Working Papers
8451, National Bureau of Economic Research, Inc.
- "Tachibanaki, Toshiaki" & "Shimono, Keiko", 1985. "Labor Supply of the Elderly--Their Desires and Realities about Full-time Jobs, Part-time Jobs, Self-employed Jobs or Retirement--," Economic Review, Hitotsubashi University, vol. 36(3), pages 239-250, July.
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