2007 Fiscal Year Final Research Report Summary
A Study on the Generational Equity in the Aged Society using the Generational Accounts
| Project/Area Number |
18330056
|
|---|
| Research Category |
Grant-in-Aid for Scientific Research (B)
|
| Allocation Type | Single-year Grants |
|---|
| Section | 一般 |
|---|
| Research Field |
Economic policy
|
|---|
| Research Institution | Tohoku University |
|---|
Principal Investigator |
YOSHIDA Hiroshi Tohoku University, Graduate School of Economics and Management, Professor (60275823)
|
|---|
| Project Period (FY) |
2006 – 2007
|
| Keywords | Public Finance / Aged Society / Public Capital / Generational Account / Social Security / income re-distribution / Child Welfare / Nordic Countries |
|---|
| Research Abstract |
This study discusses the issues on the generational imbalance under the aged society using the method of the generational accounts.
The following points are found;
1. The generational accounts clarify that we can not solve the generational imbalance only reducing the fiscal expenditure on the public capital formation.
2. The OLG model clarified that we can maintain the welfare of future generation by increasing tax burden under the society with the public capital less than the optimal level.
3. The generational accounts clarify that the public pension financed by tax improve the generational imbalance a litlle, and that the new health insurance for high-aged, however, does not improve the generational imbalance.
4. The index of social welfare expenditures between the younger and aged generation illustrates that Japan expend much more benefit on the aged generation than Sweden and Finland. This result comes from the policy that supports for the household with small children in the Nordic countries.
|
