Social Security Reforms and Inequality in Japan

Takashi Oshio, Satoshi Shimizutani and Akiko S. Oishi

No 34574, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We examined the heterogeneous impacts of social security reforms in Japan over the past 40 years. We utilize a nationwide large-scale micro-dataset to compute individual-level social security wealth (SSW) and mortality rates by lifetime earning groups. We found that SSW declined for all groups after the social security reforms, which aimed to reduce generosity; however, the size of the negative impact was larger for richer individuals. These results indicate that a series of recent social security reforms have reduced inequality in SSW.

JEL-codes: H30 I31 J14 (search for similar items in EconPapers)
Date: 2025-12
Note: AG
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