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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Bibliographische Detailangaben
1. Verfasser: Kashiwase, Kenichiro
Körperschaften: International Monetary Fund. Asia and Pacific Department, International Monetary Fund. Fiscal Affairs Department
Weitere Verfasser: Nozaki, Masahiro, Tokuoka, Kiichi
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2012.
Schriftenreihe:IMF working paper ; WP/12/285.
Schlagworte:
Online-Zugang: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 1 1/4 percent of GDP by 2020
Beschreibung:Title from PDF title page (IMF Web site, viewed December 6, 2012).
"Asia and Pacific Department and Fiscal Affairs Department."
"December 2012."
Beschreibung:1 online resource (21 pages)
Bibliographie:Includes bibliographical references.
ISBN:9781475576801
1475576803
1475544316
9781475544312
1475597355
9781475597356
1475573456
9781475573459
ISSN:2227-8885 ;

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