Increasing National Pension Premium Defaulters and Dropouts in Japan

Wataru Suzuki, 亘 鈴木, ワタル スズキ and Yanfei Zhou

No 463, PIE/CIS Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: This paper investigates why so many people are premium payment defaulters or dropouts from the national pension system using household-level data from a Japanese Government Survey. The major results can be summarized as follows: (1) the dropout probability of younger cohorts does not differ significantly from that of older cohorts; (2) the unemployed or jobless, individuals with few financial assets, and people who do not own their homes, i.e., borrowing-constrained individuals, are more likely to drop out from the national pension; and, (3) the probability of dropping out from the national pension system declines abruptly at around the age of 36.

Keywords: Intergenerational inequality; Liquidity constraint; National pension (search for similar items in EconPapers)
JEL-codes: D12 D52 H55 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2010-01
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:piecis:463

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