This paper summarizes the literature on financing Japanese public pension plans from tax revenue and simulates the economic effects of financing from tax revenue in the short and long terms. From our analysis for the short term, we have found that financing the basic pension from consumption tax...

Figures for forecasts of future tax revenues are important reference materials when studying fiscal reconstruction. Forecasts of tax income by the government have been conducted on the assumption of an elasticity of tax revenue of 1.1 under a growth rate determined exogenously. This 1.1 value...

In this paper we use a multi-sector overlapping generations, life-cycle general equilibrium model to conduct a simulation analysis with regard to fiscal reconstruction in Japan. An overlapping generations life-cycle general equilibrium model is a dynamic model comprising a household sector that...

A tax reform influences households in many ways. Income tax reform influences the disposable income of households, and a reform of indirect tax influences the prices of goods and services. Furthermore, the changes in disposable income or in prices are thought to influence the consumption...