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strengthened in order to better serve one of the most rapidly aging populations in the world. Public and private pensions in Japan … traditional lifetime employment contracts. Recent legislation permitting the establishment of defined contribution plans in Japan …
Persistent link: https://www.econbiz.de/10012469823
We pursue a cross-country comparison of relative financial readiness of older households in Japan and the Republic of …
Persistent link: https://www.econbiz.de/10012814424
We explore the fiscal implications of reforms to the Canadian retirement income system by decomposing the fiscal effect of reforms into two components. The mechanical effect captures the change in the government's budget assuming no behavioral response to the reform. The second component is the...
Persistent link: https://www.econbiz.de/10012469248
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is...
Persistent link: https://www.econbiz.de/10012457499
incentive mechanism of the public pension system in Japan affecting the retirement behavior has many things in common with those …
Persistent link: https://www.econbiz.de/10012472658
Japanese public pension benefits, which were distributed quarterly through February 1990 and every other month since then, induce substantial but predictable income fluctuations. The relative magnitude of the payments combined with the delay between payments yields a stronger test of the...
Persistent link: https://www.econbiz.de/10012462314
We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the … impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan …'s population can explain the level of, and past and future trends in, its household saving rate; second, the rapid aging of Japan …
Persistent link: https://www.econbiz.de/10012465378
patterns for the new defined contribution pension plans currently on offer in Japan. We conclude that SRI funds can be included …
Persistent link: https://www.econbiz.de/10012466925
public pension liability, and mitigate the demand for long-term care facilities in Japan. Our study evaluates what might be … way to finance elderly consumption in Japan, particularly against the backdrop of governmental financial stringencies …
Persistent link: https://www.econbiz.de/10012468353
This study examined the factors that affect the retirement decisions of the middle-aged and elderly in Japan, focusing … Japan--where being enrolled in the disability program is unlikely to make one a candidate for the retirement path …
Persistent link: https://www.econbiz.de/10012458663