Welfare Analysis of Pension Reforms in an Ageing Japan
Welfare Analysis of Pension Reforms in an Ageing Japan
复制标题
老龄化日本养老金改革的福利分析
DOI:
10.1111/jere.12002
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发表时间:
2013
期刊:
影响因子:
--
通讯作者:
Akira Okamoto
中科院分区:
文献类型:
--
作者:
Akio Kawasaki;Ming Hsin Lin;Akira Okamoto
This paper uses a computable general equilibrium model with overlapping generations to explore the effects of different public pension schemes on economic welfare, and intergenerational and intragenerational equity. Besides the benchmark case based on the 2004 public pension reform, the present paper considers two alternative reforms: financing the basic pension benefit through a consumption tax, and eliminating the earnings-related pension benefit. The simulation results suggest that even the consumption-tax financing of only the basic pension, namely, the combination of both reforms, might not improve overall economic welfare, although it increases economic output by inducing capital formation.