The Public Pension

Toshihiro Ihori
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Toshihiro Ihori: National Gradual Institute for Policy Studies

Chapter 7 in Principles of Public Finance, 2017, pp 169-201 from Springer

Abstract: Abstract The public pension plays an important role in aging developed countries, including Japan. The government collects a significant amount of contributions from the working generation and pays a great deal of benefits to the elderly generation. This chapter investigates the economic effect of the public pension and discusses desirable reforms in an aging society.

Keywords: Fully funded system; Pay-as-you-go system; Failure of private pension; Paternalism; Generational accounting; Public pension reform; Defined-benefit (DB) system; Defined-contribution (DC) system; Double burden of transition; Intergenerational conflicts (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-10-2389-7_7

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DOI: 10.1007/978-981-10-2389-7_7

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