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Designs of pension management with the rapid ageing

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  • Tatsuyoshi Miyakoshi
  • Osamu Kamoike

Abstract

The rapid ageing of the population and the strong desires for working by the retired old has become a serious issue on the Japanese pension management. This paper suggests a partial solution for the issue in an overlapping generation framework. It is shown that providing the old with jobs rather than pensions can result in a Pareto improvement at a steady state.

Suggested Citation

  • Tatsuyoshi Miyakoshi & Osamu Kamoike, 2003. "Designs of pension management with the rapid ageing," Applied Economics Letters, Taylor & Francis Journals, vol. 10(3), pages 191-195.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:3:p:191-195
    DOI: 10.1080/1350485022000044138
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    References listed on IDEAS

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    1. Brunner, Johann K., 1996. "Transition from a pay-as-you-go to a fully funded pension system: The case of differing individuals and intragenerational fairness," Journal of Public Economics, Elsevier, vol. 60(1), pages 131-146, April.
    2. Breyer, Friedrich & Straub, Martin, 1993. "Welfare effects of unfunded pension systems when labor supply is endogenous," Journal of Public Economics, Elsevier, vol. 50(1), pages 77-91, January.
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