LEADER 03453nam 2200613Ia 450 001 9910452747103321 005 20200520144314.0 010 $a1-4755-7345-6 010 $a1-4755-9735-5 035 $a(CKB)2550000001041548 035 $a(EBL)1607090 035 $a(SSID)ssj0000943241 035 $a(PQKBManifestationID)11523885 035 $a(PQKBTitleCode)TC0000943241 035 $a(PQKBWorkID)10975476 035 $a(PQKB)11100227 035 $a(MiAaPQ)EBC1607090 035 $a(Au-PeEL)EBL1607090 035 $a(CaPaEBR)ebr10661239 035 $a(OCoLC)820489716 035 $a(EXLCZ)992550000001041548 100 $a20121206d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aPension reforms in Japan$b[electronic resource] /$fprepared by Kenichiro Kashiwase, Masahiro Nozaki, and Kiichi Tokuoka 210 $aWashington, D.C. $cInternational Monetary Fund$dc2012 215 $a1 online resource (22 p.) 225 0 $aIMF working paper ;$vWP/12/285 300 $aDescription based upon print version of record. 311 $a1-4755-7680-3 311 $a1-4755-4431-6 320 $aIncludes bibliographical references. 327 $aCover; 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 Age 327 $a5. 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; References 330 $aThis paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by ?clawing back? a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefi 410 0$aIMF Working Papers 606 $aPensions$zJapan 606 $aRetirement income$zJapan 608 $aElectronic books. 615 0$aPensions 615 0$aRetirement income 700 $aKashiwase$b Kenichiro$0937528 701 $aNozaki$b Masahiro$0891989 701 $aTokuoka$b Kiichi$0918417 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910452747103321 996 $aPension reforms in Japan$92234383 997 $aUNINA