Aging, saving, and public pensions in Japan:

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 pas...

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Bibliographische Detailangaben
Hauptverfasser: Horioka, Charles 1956- (VerfasserIn), Suzuki, Wataru 1937- (VerfasserIn), Hatta, Tatsuo 1943- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2007
Schriftenreihe:Working paper series / National Bureau of Economic Research 13273
Online-Zugang:Volltext
Zusammenfassung: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 future trends in, its household saving rate; second, the rapid aging of Japan's population is causing Japan's household saving rate to decline and this decline can be expected to continue; third, the pay-as-you-go nature of the public pension system, combined with rapid population aging, created considerable intergenerational inequities and increased the saving rates of cohorts born after 1965, which in turn slowed the decline in Japan's household saving rate; and fourth, the 2004 public pension reform alleviated the intergenerational inequities of Japan's public pension system somewhat but will in the long run exacerbate the downward trend in Japan's household saving rate.
Beschreibung:Literaturverz. S. 28 - 30
Beschreibung:39 S. graph. Darst. 22 cm