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How to Make the Japanese Public Pension System Reliable and Workable

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  • Noriyuki TAKAYAMA
  • Yukinobu KITAMURA

Abstract

This paper has two objectives. The first is to identify current problems in Japan's pension administration. The chief problem is a weak governance structure. In particular, the current governance structure ignores the role of pension participants. A rigorous division and clear assignment of responsibilities to each of the pension participants, the Social Insurance Agency, and the Ministry of Health, Labor and Welfare is urgently needed. Given rapid demographic change, the second objective is to consider the case for full tax financing of the National Basic Pension. It is estimated that the net burden would vary across different cohorts, but we demonstrate that the net burden can be smoothed across different cohorts. This result is quite different from that in the 2008 Interim Report of the Japanese National Council on Social Security.

Suggested Citation

  • Noriyuki TAKAYAMA & Yukinobu KITAMURA, 2009. "How to Make the Japanese Public Pension System Reliable and Workable," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 97-116, June.
    • Handle: RePEc:bla:asiapr:v:4:y:2009:i:1:p:97-116
    DOI: 10.1111/j.1748-3131.2009.01112.x
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    References listed on IDEAS

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    1. Charles Yuji HORIOKA & Wataru SUZUKI & Tatsuo HATTA, 2007. "Aging, Savings, and Public Pensions in Japan," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(2), pages 303-319, December.
    2. Takayama, Noriyuki & 高山, 憲之 & タカヤマ, ノリユキ, 2004. "Changes in the Japanese Pension System," Discussion Paper 227, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    3. Takayama, Noriyuki & 高山, 憲之 & タカヤマ, ノリユキ, 2005. "Pension Reform in Japan," Discussion Paper 253, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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    Cited by:

    1. Worawan CHANDOEVWIT, 2009. "Comment on “How to Make the Japanese Public Pension System Reliable and Workable”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 119-120, June.
    2. Takatoshi ITO & Akira KOJIMA & Colin McKENZIE & Shujiro URATA, 2009. "Editors’ Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 1-18, June.
    3. Heller, Peter S., 2016. "The challenge of an aged and shrinking population: Lessons to be drawn from Japan’s experience," The Journal of the Economics of Ageing, Elsevier, vol. 8(C), pages 85-93.
    4. Heller, Peter S., 2015. "The Challenge of an Aged Population: Lessons to be drawn from Japan's Experience," CIS Discussion paper series 651, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.

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