Public Pension Reform in Japan

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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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ASJC Scopus subject areas

  • Economics and Econometrics

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