کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
965145 | 1479199 | 2015 | 16 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Pension reform and individual retirement accounts in Japan
ترجمه فارسی عنوان
اصلاحات بازنشستگی و بازنشستگی فردی در ژاپن
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
The paper studies effects of introducing individual retirement accounts (IRA) as an alternative to the employer-based pay-as-you-go public pension in Japan. Without any reform, projected demographic transition implies a massive increase in government expenditures in the magnitude of 40% of total consumption at the peak. Gradually shifting earnings-related part of pension towards self-financed IRA, expenditures can be reduced by 20% of consumption, providing a major relief for the government budget. The reform generates a significant rise in capital, as individuals save more for retirement, which is invested for many years. As a result, wage, output and consumption are also higher, leading to a sizeable welfare gain in the intermediate and long-run. Current generations, however, can face a large welfare loss depending on how the transition is financed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of the Japanese and International Economies - Volume 38, December 2015, Pages 111-126
Journal: Journal of the Japanese and International Economies - Volume 38, December 2015, Pages 111-126
نویسندگان
Sagiri Kitao,