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by the US was featured with efficiency priority, while that of Japan does so with structural adjustment priority. The …
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Using the Japanese Study of Aging and Retirement (JSTAR), a Japanese panel survey of people age 50 or older, we find that many Japanese in their early 50scompared to those in their late 50s and early 60sexpect their level of public pension benefits to decline. We find that recent pension reform...
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