Portfolio Selection and Social Security in Aging Society
| Project/Area Number |
02451080
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| Research Category |
Grant-in-Aid for General Scientific Research (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kyoto University |
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Principal Investigator |
TACHIBANAKI Toshiaki Kyoto Univ., Institute of Economic Research, Professor, 経済研究所, 教授 (70112000)
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| Co-Investigator(Kenkyū-buntansha) |
YAGI Tadashi Nogoya Univ., Faculty of Economics, Assistant Prof., 経済学部, 講師 (60200474)
IKEO Kazuto Kyoto Univ., Faculty of Economics, Associate Prof., 経済学部, 助教授 (00135930)
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| Project Period (FY) |
1990 – 1991
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| Project Status |
Completed (Fiscal Year 1991)
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| Budget Amount *help |
¥3,100,000 (Direct Cost: ¥3,100,000)
Fiscal Year 1991: ¥1,300,000 (Direct Cost: ¥1,300,000)
Fiscal Year 1990: ¥1,800,000 (Direct Cost: ¥1,800,000)
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| Keywords | Aging Society / Pension / 高齢者の資産選択 / 社会保障 |
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| Research Abstract |
The research project investigated the relationship between portfolio Selection and social security in aging society. Since the budget on the public pension will be in a difficult position, it is worthwile to examine how the elderly reacts to this problem. We have found several results in this project. First, the inernal rate of return to the public pension will be much lower than that to the private pension or tothe euterprise pension. Second, the effect of the private pension to the total saving rate will be large, and it may reduce the total saving rate. Third, when we are interested in the bequest motive of the elderly, we have to take account of the gift-exchange motive given by "taking care of the elderly. "
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Report
(3 results)
Research Products
(7 results)
