Are Japanese Men of Pensionable Age Underemployed or Overemployed?
Satoshi Shimizutani () and
Takashi Oshio ()
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Takashi Oshio: Hitotsubashi University
No 9620, IZA Discussion Papers from Institute of Labor Economics (IZA)
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.
Keywords: hours constraints; work hours; pension benefits; Japanese Study on Aging and Retirement (JSTAR); Health and Retirement Study (HRS); Japan (search for similar items in EconPapers)
JEL-codes: J26 I10 H55 (search for similar items in EconPapers)
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Published in: Japanese Economic Review, 2016, 67 (2), 150 - 168
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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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