Pension Reforms in Japan is popular PDF and ePub book, written by Kenichiro Kashiwase in 2012-12-04, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Pension Reforms in Japan can be Read Online from any device for your convenience.
Pension Reforms in Japan Book PDF Summary
This paper analyzes various reform options for Japan’s public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by “clawing back” a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefit incomes, and collecting contributions from dependent spouses of employees, who are currently eligible for pension benefits even though they make no contributions. These options, if implemented concurrently, could reduce the government annual subsidy and the government deficit by up to 11⁄4 percent of GDP by 2020.
Detail Book of Pension Reforms in Japan PDF
- Author : Kenichiro Kashiwase
- Release : 04 December 2012
- Publisher : International Monetary Fund
- ISBN : 9781475544312
- Genre : Business & Economics
- Total Page : 21 pages
- Language : English
- PDF File Size : 13,6 Mb
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