Public pension benefits claiming behaviour: new evidence from the Japanese Study on Ageing and Retirement
Public pension benefits claiming behaviour: new evidence from the Japanese Study on Ageing and Retirement
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公共养老金福利领取行为：日本老龄化和退休研究的新证据
DOI：
10.1111/jere.12100
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发表时间：
2016
影响因子：
1.2
通讯作者：
Satoshi Shimizutani and Takashi Oshio
中科院分区：
文献类型：
--
作者：
明坂弥香;伊藤由樹子;大竹文雄;吉田克己;Satoshi Shimizutani and Takashi Oshio
本研究探讨了日本老年人的公共养老金申领行为。首先，我们进行财务模拟，估计预期效用，并描绘整个生命周期内养老金福利的典型模式。我们发现受益人的最优退休年龄取决于该受益人的死亡风险、贴现率、初始财富和风险态度。其次，我们使用来自日本老龄化和退休研究(JStar)的个人层面的数据来实证检验索赔时机的决定因素。我们发现有证据表明，模拟中考察的大多数因素确实与工薪阶层提前申领养老金福利密切相关。
The present study explores public pension claiming behaviour among the Japanese elderly. First, we perform financial simulations, estimate expected utility and depict the typical patterns of pension benefits over a lifecycle. We show that a beneficiary’s optimal retirement age depends on that beneficiary’s mortality risk, discount rate, initial wealth and risk attitude. Second, we use individual-level data from the Japanese Study on Aging and Retirement (JSTAR) to empirically examine the determinants of claim timing. We find evidence that most of the factors examined in the simulation are, indeed, significantly associated with early claiming among wage earners of pension benefits.