• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to project page

2006 Fiscal Year Final Research Report Summary

The effect of defined contribution pension plan on firm's financial status, household's savings action, and financial market.

Research Project

Project/Area Number 16530202
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Public finance/Monetary economics
Research InstitutionTohoku University

Principal Investigator

KAMOIKE Osamu  Tohoku University, Graduate School of Economics and Management, Professor, 大学院経済学研究科, 教授 (60004199)

Co-Investigator(Kenkyū-buntansha) KANEZAKI Yoshio  Tohoku University, Graduate School of Economics and Management, Professor, 大学院経済学研究科, 教授 (30204572)
AKITA Jiro  Tohoku University, Graduate School of Economics and Management, Professor, 大学院経済学研究科, 教授 (10302069)
YOSHIDA Hiroshi  Tohoku University, Graduate School of Economics and Management, Associate Professor, 大学院経済学研究科, 助教授 (60275823)
KITAGAWA Akiomi  Tohoku University, Graduate School of Economics and Management, Associate Professor, 大学院経済学研究科, 助教授 (60262127)
Project Period (FY) 2004 – 2006
KeywordsDefined contribution pension plan / 401(k) / Household savin / Aging / Saving encouraging tax system / Labor market / Difference between size of firms / corporate pension
Research Abstract

The purpose of this research is to verify the effect of Japanese defined contribution pension plan introduction from the viewpoint of the household sector, the business enterprise sector, and macroeconomics.
1. The first research explores the implications of possible bankruptcies of firms for their own wage schemes and the structure of labor market, using a two-period general equilibrium model. As a result, a substantial utility differential emerges between those who have luckily found a job of the primary market and those who have not, although there is no difference in their innate abilities.
2. We have obtained the list of 93 enterprise companies in which the article on 401k pension introduction in the new paper. The stock prices data before and after the newspaper publishing was acquired, and the news of 401k pension introduction how stock prices, corporate value, changed the event was studied. As a result, we could not confirm the effect of introducing the DC plan on raising stock prices.
3. The effect of the DC pension system in Japan on the households, savings was tested by using the data of "Family Budget Survey" from 2002 to 2006. As a result, the possibility of increasing the amount of the pension property was shown in the group of high-income working households. In addition, the possibility that the revision of the contribution limit invades aggregate savings is shown among high-income households. In each case, the effect that the DC pension system increased the pension type savings and aggregate savings of low-income households was not able to be confirmed.

  • Research Products

    (4 results)

All 2007

All Journal Article (4 results)

  • [Journal Article] 企業倒産、給与体系と労働市場の構造2007

    • Author(s)
      北川 章臣
    • Journal Title

      研究年報経済学(東北大学経済学会) 60 (2)

      Pages: 17-31

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] 老後生活に向けての経済的準備と日本版401(k)の効果2007

    • Author(s)
      吉田 浩
    • Journal Title

      クォータリー生活福祉研究 16 (1)

      Pages: 20-35

    • Description
      「研究成果報告書概要(和文)」より
  • [Journal Article] Kigyou Tousan, Kyuuyo Taikei to Roudou Shijyou no Kouzou (Bankruptcy, Wage Scheme, and the Structure of Labor Markets)2007

    • Author(s)
      Kitagawa, Akiomi
    • Journal Title

      THE KEIZAIGAKU (Annual Report of the Economic Society Tohoku University) Vol.60, No.2(in Japanese)

      Pages: 17-31

    • Description
      「研究成果報告書概要(欧文)」より
  • [Journal Article] Rougo Seikatu ni Mukete no Keizaiteki Jyunbi to Nihonban 401(k) no Kouka (Economic preparation for life at old age and effect of Japanese 401(k))2007

    • Author(s)
      Yoshida, Hiroshi
    • Journal Title

      Kuotari Seikatsu Fukusni Kenkyu (Quarterly Study of Life and Welfare) Vol.16, No.1(in Japanese)

      Pages: 20-35

    • Description
      「研究成果報告書概要(欧文)」より

URL: 

Published: 2008-05-27  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi