03453nam 2200613Ia 450 991045274710332120200520144314.01-4755-7345-61-4755-9735-5(CKB)2550000001041548(EBL)1607090(SSID)ssj0000943241(PQKBManifestationID)11523885(PQKBTitleCode)TC0000943241(PQKBWorkID)10975476(PQKB)11100227(MiAaPQ)EBC1607090(Au-PeEL)EBL1607090(CaPaEBR)ebr10661239(OCoLC)820489716(EXLCZ)99255000000104154820121206d2012 uy 0engur|n|---|||||txtccrPension reforms in Japan[electronic resource] /prepared by Kenichiro Kashiwase, Masahiro Nozaki, and Kiichi TokuokaWashington, D.C. International Monetary Fundc20121 online resource (22 p.)IMF working paper ;WP/12/285Description based upon print version of record.1-4755-7680-3 1-4755-4431-6 Includes bibliographical references.Cover; Abstract; Contents; I. Introduction; Figures; 1. Japan: Population Aging in Japan and OECD Countries; 2. Japan: Social Security Spending; II. The Pension System and Past Reforms in Japan; 3. Japan: Public Pension System; 4. Japan: NP and EPI Pension Spending and Contributions, 2010-2100; Boxes; 1. Japan: How Does Macro Indexing Work?; III. Pension Reform Options to Reduce the Fiscal Burden; Tables; 1. Japan: Options to Reduce Government for Basic Pension; 2. Japan: Growth Impact of Pension Reform Options; A. Raise Pension Eligibility Age5. Japan: Life Expectancy after Pension Eligibility Age, 2000-20306. OECD Countries: Pension Eligibility Age and Life Expectancy in 2010 and 2030; B. Lower Replacement Ratio; 7. Pension Benefit Replacement Rate for Single Earner Couples; 3. Japan: Old-age Poverty in Japan and the Role of Pensions; C. Higher Contribution Rates; 8. Pension Contribution Rate, 2009; D. Reducing Preferential Treatments; IV. Conclusion; Appendices; I. Methodologies to Calculate Fiscal Savings from Reform Options; ReferencesThis 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 benefiIMF Working PapersPensionsJapanRetirement incomeJapanElectronic books.PensionsRetirement incomeKashiwase Kenichiro937528Nozaki Masahiro891989Tokuoka Kiichi918417MiAaPQMiAaPQMiAaPQBOOK9910452747103321Pension reforms in Japan2234383UNINA