This paper examines the determinants of the timing of public pension policy retrenchments in 14 affluent democracies. Available research does not satisfactorily capture the multidimensionality of these legislative events, because it relies on indicators of pension policy provisions for current...

Matsuo examines the structure and prospects of the Japanese pension system in the context of the challenges posed by population aging and the high current public debt. Social security expenditure accounts for almost half of the general expenditure in the Japanese budget and is growing rapidly....