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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
Persistent link: https://www.econbiz.de/10002582617
The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...
Persistent link: https://www.econbiz.de/10012471463
Pensions provided in the public sector are often indexed, while pensions in the private sector typically are not. To conduct the total compensation comparisons that ostensibly guide government pay policy, one must value annuities which differ in their degree of inflation protection. This paper...
Persistent link: https://www.econbiz.de/10012478149
This paper analyzes retirement saving and portfolio choice in the United States, Italy, and the Netherlands. While these countries enjoy roughly the same standard of living, they vary widely in their institutional organization of retirement income provisions. Building on extensions of the life...
Persistent link: https://www.econbiz.de/10012468512
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
Even with well-developed capital markets, there is no private market mechanism for trading between current and future generations, so a potential role for public old-age pension systems is to spread economic and demographic shocks among different generations. This paper evaluates the smoothing...
Persistent link: https://www.econbiz.de/10012459525
We review select literature on racial and ethnic disparities in retirement outcomes and the impact of outreach on such outcomes. First, there are significant disparities in retirement outcomes, reflecting a long history of racism and structural barriers. Second, there is comparatively little...
Persistent link: https://www.econbiz.de/10013388812
Comparative Survey of Savings in Japan and the United States,' a binational survey conducted in 1996 by the Institute for Posts … and Telecommunications Policy of the Ministry of Posts and Telecommunications of the Government of Japan, in order to shed … the dominant model of household behavior in both countries but that it is far more applicable in Japan than it is in the U …
Persistent link: https://www.econbiz.de/10012471313