Pension Reforms in Japan:
This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run ec...
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Format: | Elektronisch E-Book |
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Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
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Schriftenreihe: | IMF Working Papers
Working Paper No. 12/285 |
Schlagworte: | |
Online-Zugang: | BSB01 FAN01 FHA01 FKE01 FLA01 FLA01 FNU01 LCO01 SBG01 SBR01 TUM01 UBA01 UBG01 UBM01 UBR01 UBT01 UBW01 UBY01 UEI01 UER01 UPA01 Volltext |
Zusammenfassung: | This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by "clawing back" a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefit incomes, and collecting contributions from dependent spouses of employees, who are currently eligible for pension benefits even though they make no contributions. These options, if implemented concurrently, could reduce the government annual subsidy and the government deficit by up to 11'4 percent of GDP by 2020 |
Beschreibung: | 1 Online-Ressource (21 Seiten) |
ISBN: | 1475544316 9781475544312 1475597355 9781475597356 |
ISSN: | 1018-5941 |
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520 | 3 | |a This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by "clawing back" a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefit incomes, and collecting contributions from dependent spouses of employees, who are currently eligible for pension benefits even though they make no contributions. These options, if implemented concurrently, could reduce the government annual subsidy and the government deficit by up to 11'4 percent of GDP by 2020 | |
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id | DE-604.BV048358281 |
illustrated | Not Illustrated |
index_date | 2024-07-03T20:14:04Z |
indexdate | 2024-07-10T09:35:51Z |
institution | BVB |
institution_GND | (DE-588)1013082-2 |
isbn | 1475544316 9781475544312 1475597355 9781475597356 |
issn | 1018-5941 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033737517 |
oclc_num | 820489716 1337114953 |
open_access_boolean | |
owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
physical | 1 Online-Ressource (21 Seiten) |
psigel | ZDB-1-IMF ZDB-4-EBU ZDB-30-PAD ZDB-30-PBE ZDB-4-EBU FLA_PDA_EBU |
publishDate | 2012 |
publishDateSearch | 2012 |
publishDateSort | 2012 |
publisher | International Monetary Fund |
record_format | marc |
series2 | IMF Working Papers |
spelling | Pension Reforms in Japan Kashiwase, Kenichiro Washington, D.C International Monetary Fund 2012 1 Online-Ressource (21 Seiten) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/285 1018-5941 This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by "clawing back" a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefit incomes, and collecting contributions from dependent spouses of employees, who are currently eligible for pension benefits even though they make no contributions. These options, if implemented concurrently, could reduce the government annual subsidy and the government deficit by up to 11'4 percent of GDP by 2020 Online-Ausg BUSINESS & ECONOMICS / Labor bisacsh POLITICAL SCIENCE / Labor & Industrial Relations bisacsh Pensions fast Pensions Japan Retirement income Japan Kashiwase, Kenichiro Sonstige oth Nozaki, Masahiro Sonstige oth Tokuoka, Kiichi Sonstige oth Internationaler Währungsfonds Sonstige (DE-588)1013082-2 oth Erscheint auch als Druck-Ausgabe 978-1-4755-7680-1 1-4755-7680-3 http://elibrary.imf.org/view/IMF001/20129-9781475544312/20129-9781475544312/20129-9781475544312.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Pension Reforms in Japan BUSINESS & ECONOMICS / Labor bisacsh POLITICAL SCIENCE / Labor & Industrial Relations bisacsh Pensions fast Pensions Japan Retirement income Japan |
title | Pension Reforms in Japan |
title_auth | Pension Reforms in Japan |
title_exact_search | Pension Reforms in Japan |
title_exact_search_txtP | Pension Reforms in Japan |
title_full | Pension Reforms in Japan Kashiwase, Kenichiro |
title_fullStr | Pension Reforms in Japan Kashiwase, Kenichiro |
title_full_unstemmed | Pension Reforms in Japan Kashiwase, Kenichiro |
title_short | Pension Reforms in Japan |
title_sort | pension reforms in japan |
topic | BUSINESS & ECONOMICS / Labor bisacsh POLITICAL SCIENCE / Labor & Industrial Relations bisacsh Pensions fast Pensions Japan Retirement income Japan |
topic_facet | BUSINESS & ECONOMICS / Labor POLITICAL SCIENCE / Labor & Industrial Relations Pensions Pensions Japan Retirement income Japan |
url | http://elibrary.imf.org/view/IMF001/20129-9781475544312/20129-9781475544312/20129-9781475544312.xml |
work_keys_str_mv | AT kashiwasekenichiro pensionreformsinjapan AT nozakimasahiro pensionreformsinjapan AT tokuokakiichi pensionreformsinjapan AT internationalerwahrungsfonds pensionreformsinjapan |