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Intergenerational redistribution policies of the 1990s and 2000s in Japan: An analysis using generational accounting

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  • Miyazato, Naomi

Abstract

This paper uses generational accounting to analyze the intergenerational redistribution policies implemented in Japan in the 1990s and 2000s. I consider the extent of intergenerational redistribution and use time series data to examine the changes in these policies. The results show that the policies of the 1990s led to a reduction in the financial burden of the present generation, including people in their 20s, by passing this burden on to future generations. This situation lasted through the early half of the 2000s, but changed in the latter half of that decade. The decline in the lifetime net burden of the future generation between 2004 and 2007 was achieved by increasing the lifetime net burden of those in the young generation and not by reducing the remaining lifetime net benefit of the retired generation. The decline in the burden of the future generation in the latter half of 2000s was, however, not sufficient to correct the degree of generational imbalance in 1990.

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  • Miyazato, Naomi, 2015. "Intergenerational redistribution policies of the 1990s and 2000s in Japan: An analysis using generational accounting," Japan and the World Economy, Elsevier, vol. 34, pages 1-16.
    • Handle: RePEc:eee:japwor:v:34-35:y:2015:i::p:1-16
    DOI: 10.1016/j.japwor.2015.02.001
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    Cited by:

    1. Yoichiro Tsuji & Junyi Shen, 2024. "Preferences for Policies from the Perspectives of Different Generations: Evidence from a Stated Choice Experiment in Japan," Discussion Paper Series DP2024-17, Research Institute for Economics & Business Administration, Kobe University.
    2. Miyazato, Naomi, 2020. "Intergenerational Inequality and the Contract Out Policy in Public Health Care," Japan and the World Economy, Elsevier, vol. 54(C).

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    More about this item

    Keywords

    Intergenerational redistribution policy; Generational accounting; Demographic uncertainty;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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