IDEAS home Printed from https://ideas.repec.org/p/hit/piedp1/178.html
   My bibliography  Save this paper

A Balance Sheet Approach to Reforming Social Security Pensions in Japan: Is NDC the Answer?

Author

Listed:
  • Takayama, Noriyuki

Abstract

Japan has already had the oldest population in the world. Since 2001, current account of the principal pension program has turned into a deficit. Balance sheet of all the pension programs shows huge excess liabilities, equivalent to 1.2 times the year 2000 GDP of Japan. The generous pension program has to be reformed to be much more incentive-compatible. The Swedish-type NDC will very much help Japan to overcome such a problem of incentive-compatibility. Japan faces an additional specific challenge of handling huge excess liabilities entitled by past pension contributions. Several different proposals have already been made. Government reform plan on pensions will be fixed by the end of December 2003.

Suggested Citation

  • Takayama, Noriyuki, 2003. "A Balance Sheet Approach to Reforming Social Security Pensions in Japan: Is NDC the Answer?," Discussion Paper 178, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  • Handle: RePEc:hit:piedp1:178 Note: Preliminary, to be revised, a paper presented at World Bank & RFV Conference on NDC Pension Schemes, Sandhamn, Sweden, 29-30 September, 2003
    as

    Download full text from publisher

    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14269/1/pie_dp178.pdf
    Download Restriction: no

    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14269/3/pie_dp178_figures.pdf
    Download Restriction: no

    File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/14269/4/pie_dp178_ppt.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Cigno, Alessandro & Luporini, Annalisa & Pettini, Anna, 2003. "Transfers to families with children as a principal-agent problem," Journal of Public Economics, Elsevier, vol. 87(5-6), pages 1165-1177, May.
    2. Alessandro Cigno & Luca Casolaro & Furio C. Rosati, 2000. "The Role of Social Security in Household Decisions: Var Estimates of Saving and Fertility Behaviour in Germany," CESifo Working Paper Series 394, CESifo Group Munich.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:piedp1:178. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Digital Resources Section, Hitotsubashi University Library). General contact details of provider: http://edirc.repec.org/data/cihitjp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.