Public Pension Reform in Japan

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

This paper aims to establish guidelines for public pension reform in Japan, using a numerical simulation approach. The paper introduces the example of a minimum guaranteed pension in the Swedish pension system and compares this with the basic pension in Japan's public pension system, with regard to methods of income redistribution through a public pension scheme. Simulation results show that the switch from the basic pension to the guaranteed pension does not always generate favorable results. If we consider a public pension program with the same scale as the current Japanese program, the highest level of social welfare is attained when a public pension system consists of only a basic pension and is financed by a consumption tax.

Original languageEnglish
Pages (from-to)179-208
Number of pages30
JournalEconomic Analysis and Policy
Volume40
Issue number2
DOIs
Publication statusPublished - 2010

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Pensions
Pension reform
Japan
Public pensions
Pension system
Social welfare
Pension scheme
Simulation
Consumption tax
Numerical simulation
Income redistribution

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Public Pension Reform in Japan. / Okamoto, Akira.

In: Economic Analysis and Policy, Vol. 40, No. 2, 2010, p. 179-208.

Research output: Contribution to journalArticle

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