In 2000, government deregulation along with the introduction of the long-term insurance scheme for the first time allowed for-profit providers of at-home care for the elderly to compete directly with nonprofit operators. According to the contract failure hypothesis, we would expect consumers to...

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...

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...