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An Evaluation of the 2004 Public Pension Reform: Views from Pension Obligation (in Japanese)

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  • Akihiro Kawase
  • Shin Kimura

Abstract

In this paper, we estimate public pension obligations in Japan using three indices named the open-group, the closed-group, and the plan-termination unfunded obligations and we evaluate Japan's 2004 public pension reform. The reform cleared away obligations of the open-group measure through the introduction of a fixed contribution program and an automatic adjustment of benefit levels. By the closed-group measure continuing the system with the past and current generation, the reform reduces obligations to ¥376 trillion. Measuring with the plan-termination, to which the abolition of the present system is required, the reform reduces obligations to ¥419 trillion.

Suggested Citation

  • Akihiro Kawase & Shin Kimura, 2009. "An Evaluation of the 2004 Public Pension Reform: Views from Pension Obligation (in Japanese)," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 181, pages 80-98, January.
  • Handle: RePEc:esj:esriea:181d
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