Are Japanese Men of Pensionable Age Underemployed or Overemployed?

Emiko Usui, Satoshi Shimizutani and Takashi Oshio

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: We investigate how Japanese men aged 60-74 adjust their workforce attachment after beginning to receive a public pension. Men who were employees at age 54 gradually move to part-time work or retire after beginning to receive pension benefits; those who continue working are more likely to be underemployed. Men self-employed at age 54, however, neither retire nor reduce their working hours even after beginning to receive pension benefits; these men are more likely to be overemployed. In contrast, U.S. men retire or move to part-time when they first claim Social Security; those who continue working as employees after Social Security starts are unlikely to be either over- or underemployed. Therefore, unlike U.S. men, Japanese men are not choosing the optimal pensionable age and labor hours to maximize their intertemporal utility.

Pages: 31 pages
Date: 2015-08
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (2)

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https://www.rieti.go.jp/jp/publications/dp/15e099.pdf (application/pdf)

Related works:
Journal Article: Are Japanese Men of Pensionable Age Underemployed or Overemployed? (2016)
Journal Article: Are Japanese Men of Pensionable Age Underemployed or Overemployed? (2016)
Working Paper: Are Japanese Men of Pensionable Age Underemployed or Overemployed? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:15099

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