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Option Value of Work, Health Status, and Retirement Decisions: New Evidence from the Japanese Study on Aging and Retirement (JSTAR)

Shimizutani, Satoshi; Fujii, Mayu; Oshio, Takashi - Center for Intergenerational Studies, Institute of … - 2012

This study examines retirement decisions in Japan, using the option value (OV) model proposed by Stock and Wise (1990 … labor income until retirement as well as that from pension income afterwards and determines when to retire based on the OV … of postponing retirement. Using micro-level data collected from the Japanese Study on Aging and Retirement (JSTAR), we …

Persistent link: https://www.econbiz.de/10010842006

Is there a retirement consumption puzzle in Japan? Evidence based on panel data on households in the agricultural sector

Hori, Masahiro; Murata, Keiko - Center for Intergenerational Studies, Institute of … - 2014

Taking advantage of annual panel data on part-time farmer households, this paper investigates whether a retirement … consumption puzzle is observed in Japan. Our analysis shows that households’ expenditure does decline after the retirement of the … that there are myopic households that lacked the discipline to accumulate sufficient savings for retirement. …

Persistent link: https://www.econbiz.de/10010747843

Work Capacity of Older Adults in Japan

Usui, Emiko; Shimizutani, Satoshi; Oshio, Takashi - Center for Intergenerational Studies, Institute of … - 2014

This study examines the work capacity of older adults in Japan. First, we estimate the relationship between a variety of health indicators and work status.Work status is divided into full-time work, part-time work, and retired for those in their 50s who are not yet age-eligible for public...

Persistent link: https://www.econbiz.de/10010960374

A New Anatomy of the Retirement Process in Japan

Shimizutani, Satoshi - Center for Intergenerational Studies, Institute of … - 2009

In Japan, retirement is a gradual process that transpires over a particularly long period of time. Using large scale … stylized facts on the development of retirement behavior since the 1980s and explore factors affecting the individual … retirement decision. First, we observed a general declining trend in the proportion of retired individuals aged 55-59 (especially …

Persistent link: https://www.econbiz.de/10008496327

Public Pension Benefits Claiming Behavior: New Evidence from the Japanese Study on Aging and Retirement

Shimizutani, Satoshi; Oshio, Takashi - Center for Intergenerational Studies, Institute of … - 2012

retirement age depends on the beneficiaries’ mortality risk, discount rate, initial wealth, and risk attitude. Second, we use … individual-level data from the Japanese Study on Aging and Retirement to examine empirically the determinants of the take …

Persistent link: https://www.econbiz.de/10010583194

Social Security Reforms and Labor Force Participation of the Elderly in Japan

Oshio, Takashi; Sato Oishi, Akiko; Shimizutani, Satoshi - Center for Intergenerational Studies, Institute of … - 2008

forty years in Japan. Using publicly available data, we construct forwardlooking incentive measures for inducing retirement …

Persistent link: https://www.econbiz.de/10005018216

Social Security Earnings Test and the Labor Supply of the Elderly: New Evidence from Unique Survey Responses in Japan

Shimizutani, Satoshi - Center for Intergenerational Studies, Institute of … - 2009

Although there exists a large volume of literature on the subject, a consensus on the labor supply effects of the social security earnings test for the elderly has yet to be reached. This study proposes an alternative approach of utilizing direct responses to a survey on the earnings test, a...

Persistent link: https://www.econbiz.de/10005018219

Integration of Pension, Assistance and Taxation: How to Balance Insurance Role with Redistribution Role

Tanaka, Hideaki - Center for Intergenerational Studies, Institute of … - 2008

The Pension Reform 2004 in Japan has fixed the schedule of contribution hike until 2017 and incorporated a, mechanism of maintaining the financial sustainability of pension funds to some extent. However, there still, remain a lot of problems including unequal burden-sharing, unqualified...

Persistent link: https://www.econbiz.de/10005018234

The Labor Supply Effect of Social Security Earnings Test Revisited: New Evidence from its Elimination and Revival in Japan

Shimizutani, Satoshi; Oshio, Takashi - Center for Intergenerational Studies, Institute of … - 2008

Evidence on the effect of the social security earnings test on the labor supply of the elderly continues to be mixed. We utilize micro-level data compiled by the Japanese government in order to examine the labor supply effect for those aged 65-69 before and after two major reforms of the social...

Persistent link: https://www.econbiz.de/10005018250

New Evidence on Initial Transition from Career Job to Retirement in Japan

Shimizutani, Satoshi; Oshio, Takashi - Center for Intergenerational Studies, Institute of … - 2009

employees and separation from the career job often takes place due to mandatory retirement in Japan. Using micro-level data …

Persistent link: https://www.econbiz.de/10005018268