Public Pension Policy Reform and Labor Force Participation

Xinxin Ma () and Atsushi Seike ()
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Xinxin Ma: Hosei University
Atsushi Seike: Keio University

Chapter Chapter 15 in Growth Mechanisms and Sustainable Development of the Chinese Economy, 2022, pp 429-453 from Springer

Abstract: Abstract This study investigates the impact of public pensions on the employment in China and Japan. Some major conclusions are drawn. First, in China, the public pension decreases the probability of the labor force participation of older adults. Compared with the policy effect in the short term, the negative effect becomes smaller over the long term. Second, in Japan, the higher the pension benefit, the lower the employment probability was from 1980 to 2004. However, the negative effect has decreased in recent decades. The results indicate that for China and Japan, public pensions may reduce the labor force participation of participants. Establishing a public pension while considering the negative effects on the employment of older adults is important for both the Chinese and Japanese governments. The experience of Japanese pension reform in recent decades may provide new evidence for the Chinese government’s reform of public pensions in the future.

Keywords: Public pension; Employment; Labor force participation; Older adults (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3858-0_15

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DOI: 10.1007/978-981-19-3858-0_15

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