An Economic Approach to Public and Private Pensions
| Project/Area Number |
60530021
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
経済事情及び政策学
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
TAKAYAMA Noriyuki Associate Professor, Institute of Economic Research, H.U., 経済研究所, 助教授 (30102940)
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| Co-Investigator(Kenkyū-buntansha) |
UNO Fumiko Research Assistant, Institute of Economic Research, H.U., 経済研究所, 助手 (20017669)
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| Project Period (FY) |
1985 – 1986
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| Project Status |
Completed (Fiscal Year 1986)
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| Budget Amount *help |
¥1,200,000 (Direct Cost: ¥1,200,000)
Fiscal Year 1986: ¥400,000 (Direct Cost: ¥400,000)
Fiscal Year 1985: ¥800,000 (Direct Cost: ¥800,000)
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| Keywords | Public pension / Private pension / Intergenerational solidarity / Contracting-out / Incentive compatibility / Index-linked benefits / Tax treatment of pentions / 年金政策 |
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| Research Abstract |
Reviewing main roles of public snd private pensions, our research project has investigated possibilities of the contracting-out, and has discussed some policy considerations for developing private pensions in Japan. Main points are as follows:
a. Public and private pensions have different roles in securing income after retirement. They should be combined for their respective merits to make out, while their drawbacks to be minimized.
b. The contracting-out will be probably unsuccessful, since options will favor the contracting-out pension funds, while giving financial damage to public pensions.
c. In order to develop private pensions in Japan, it is necessary to introduce tax deductions in contributing private pensions.
d. The new estimate of future populations in Japan (the August 1986 estimate) expects about further 20% increase of retirement years after age 65, forcing further equivalent increase of contributions of public pensions.
e. Pension policies should be based on the economic status of old people, who are and will be in wide variety of living conditions.
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Report
(1 results)
Research Products
(6 results)
