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Social Security Pensions in Japan: A Balance Sheet Approach

Published online by Cambridge University Press:  01 January 2023

Noriyuki Takayama
Noriyuki Takayama*
Affiliation:
Institute of Economic Research, Hitotsubashi University, Japan
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Abstract

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Japan is experiencing a rapid ageing of its population with a subsequent strain on its social security pensions. Despite periodic reforms over recent decades and comprehensive reforms in 2004, many outstanding issues remain. Using the balance sheet approach we show that despite its recent reforms, Japan's social security pensions face substantial excess liabilities. As well, the reforms themselves may have exacerbated the incentive-compatibility problem.

Type
Research Article
Information
The Economic and Labour Relations Review , Volume 15 , Issue 2 , January 2005 , pp. 263 - 283
Copyright
Copyright © The Author(s) 2005

References

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