[PDF] Pension Reforms In Japan eBook

Author : Kenichiro Kashiwase
Publisher : International Monetary Fund
Page : 21 pages
File Size : 43,22 MB
Release : 2012-12-04
Category : Business & Economics
ISBN : 1475597355

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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.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 56 pages
File Size : 18,78 MB
Release : 2012-08-01
Category : Business & Economics
ISBN : 1475563523

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Japan has a universal public pension system. Social security spending is a key fiscal policy challenge in Japan. The 2004 pension reforms have increased the ratio of the government subsidy to the basic pension benefit. Three reform measures are necessary to improve pension finances: an increase in pension eligibility age, a reduction in the pension benefit, and an increase in contributions. Eliminating the preferential tax treatments of pension income and collecting pension contributions from dependent spouses could contribute to fiscal savings.

Author : Toshiaki Tachibanaki
Publisher : Edward Elgar Publishing
Page : 344 pages
File Size : 23,6 MB
Release : 2004
Category : Political Science
ISBN :

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This book provides a comprehensive appraisal of social security in Japan, where traditionally the burden of welfare provision has been the main responsibility of the family and employers, rather than the state. However, an ageing population, changes in family structure and continued recession has led to an urgent reappraisal of this situation. The book begins by examining the social security system in Japan as a whole, before focusing on specific issues. These include public and occupational pensions, medical care and childcare, and the availability and accessibility of social infrastructure for the old and handicapped. In each case, the distinguished authors address the unique problems associated with Japan and propose practical policy recommendations for social security reform. The book also discusses the future path of Japanese welfare transition and explores the advantages and disadvantages of the private sector model for welfare provision compared to the public sector model. The expert contributors, including both Japanese and international specialists, provide a critical evaluation of social security reform in Japan, set against the background of future demographic and economic trends. This book will appeal to all scholars of public policy, welfare policy and public finance. It will also be of interest to anyone working on the merits and demerits of different social security systems.

Author : John Creighton Campbell
Publisher : Princeton University Press
Page : 437 pages
File Size : 48,8 MB
Release : 2014-07-14
Category : History
ISBN : 1400862957

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Japan is aging rapidly, and its government has been groping with the implications of this profound social change. In a pioneering study of postwar Japanese social policy, John Creighton Campbell traces the growth from small beginnings to an elaborate and expensive set of pension, health care, employment, and social service programs for older people. He argues that an understanding of policy change requires a careful disentangling of social problems and how they come to be perceived, the invention (or borrowing) of policy solutions, and conflicts and coalitions among bureaucrats, politicians, interest groups, and the general public. The key to policy change has often been the strategies adopted by policy entrepreneurs to generate or channel political energy. To make sense of all these complex processes, the author employs a new theory of four "modes" of decision-making--cognitive, political, artifactual, and inertial. Campbell refutes the claim that there is a unique "Japanese-style welfare state." Despite the big differences in cultural values, social arrangements, economic priorities, and political control, government responsibility for the "aging-society problem" is broadly similar to that in advanced Western nations. However, Campbell's account of how Japan has taken on that responsibility raises new issues for our understanding of both Japanese politics and theories of the welfare state. Originally published in 1992. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : Yuji Kage
Publisher :
Page : 8 pages
File Size : 25,46 MB
Release : 2015
Category :
ISBN :

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Japanese corporate pension funds have experienced a severe crisis since the mid-1990s due to the country's long-term economic stagnation, which has meant both poor investment performance and low interest rates that have expanded future pension liabilities. In spite of such difficulties, however, the system is still alive. How to reform the pension system for sustainability is one of the current major social, political, and economic agendas in many developed countries. Governments, political leaders, and pension experts are desperately looking for solutions to sustain existing pension systems. This article presents the details (with examples) of Japan's pension reform; examines the subject of managing investment risk in order to attain pension system sustainability; and discusses the implications that Japan's experiences may have for other systems facing similar challenges.

Author : National Research Council
Publisher : National Academies Press
Page : 486 pages
File Size : 31,69 MB
Release : 2012-07-31
Category : Social Science
ISBN : 0309254094

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The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.

Author : Bernhard Ebbinghaus
Publisher : Oxford University Press
Page : 350 pages
File Size : 13,18 MB
Release : 2006-07-20
Category : Business & Economics
ISBN : 9780199286119

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Examines the consequences of early retirement from the workforce in advanced industrialized economies for individual lives, labor markets, and welfare states, discusses the reasons why older working people withdraw from employment prior to statutory pension age, and discusses obstacles to reform efforts.