Public Pension Benefits Claiming Behaviour: new Evidence from the Japanese Study on Ageing and Retirement

Satoshi Shimizutani and Takashi Oshio
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Takashi Oshio: Hitotsubashi University

The Japanese Economic Review, 2016, vol. 67, issue 3, No 1, 235-256

Abstract: Abstract The present study explores public pension claiming behaviour among the Japanese elderly. First, we perform financial simulations, estimate expected utility and depict the typical patterns of pension benefits over a lifecycle. We show that a beneficiary’s optimal retirement age depends on that beneficiary’s mortality risk, discount rate, initial wealth and risk attitude. Second, we use individual-level data from the Japanese Study on Aging and Retirement (JSTAR) to empirically examine the determinants of claim timing. We find evidence that most of the factors examined in the simulation are, indeed, significantly associated with early claiming among wage earners of pension benefits.

Keywords: H55; J26 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Journal Article: Public Pension Benefits Claiming Behaviour: new Evidence from the Japanese Study on Ageing and Retirement (2016)
Working Paper: Public Pension Benefits Claiming Behavior: New evidence from the Japanese Study on Aging and Retirement (2012)
Working Paper: Public Pension Benefits Claiming Behavior: New Evidence from the Japanese Study on Aging and Retirement (2012)
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DOI: 10.1111/jere.12100

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