If you are experiencing problems downloading PDF or HTML fulltext, our helpdesk recommend clearing your browser cache and trying again. If you need help in clearing your cache, please click here . Still need help? Email help@ingentaconnect.com

The effect of pension reform on pension-benefit expectations and savings decisions in Japan

$54.78 plus tax (Refund Policy)

Buy Article:

Abstract:

Using the Japanese Study of Aging and Retirement (JSTAR), which is a new Japanese panel survey of people aged 50 and over, we find that more Japanese in their early 50s expect their level of public pension benefits to decline compared with those in their late 50s and early 60s. We also find that recent pension reforms that raised the pensionable age affected the Japanese population by increasing the age at which they expect to claim their benefits by almost the exact same amount as the increase in the pensionable age. The reforms have also decreased the population’s expectations about receiving public pension benefits, although this effect is not necessarily significant. We also find evidence that anxiety about the public pension programme’s future increases private savings.

Keywords: D84; H55; pension reform; savings; subjective expectations; uncertainty

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036846.2013.870654

Affiliations: 1: Graduate School of International Social Sciences, Yokohama National University, Yokohama, 240-8501, Japan 2: Graduate School of Economics, Nagoya University, Nagoya, 464-8601, Japan

Publication date: May 13, 2014

More about this publication?
Related content

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more