Social Security Reforms and Labor Force Participation of the Elderly in Japan

Takashi Oshio, 隆士 小塩, タカシ オシオ, Akiko Sato Oishi, 亜希子 大石, アキコ オオイシ, Satoshi Shimizutani and 諭 清水谷

No 407, PIE/CIS Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: We examine how social security programs have affected the labor force participation (LFP) of the elderly over the past forty years in Japan. Using publicly available data, we construct forwardlooking incentive measures for inducing retirement, to ascertain the actual changes in the generosity of the programs and to explore the impact of the reforms on the labor supply of the elderly. Our regression analysis shows that the LFP of the elderly is significantly sensitive to the measures, and our counter-historical simulations show that since 1985, social security reforms have significantly encouraged the elderly to remain longer in the labor force.

Keywords: social security program; social security wealth; labor force participation of the elderly (search for similar items in EconPapers)
JEL-codes: H55 J26 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2008-10
Note: This paper was motivated by the International Social Security Project of the National Bureau of Economic Research (NBER) in which the authors participated.
References: View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Related works:
Journal Article: SOCIAL SECURITY REFORMS AND LABOUR FORCE PARTICIPATION OF THE ELDERLY IN JAPAN (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:piecis:407

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