TY  - JOUR
AU  - Oshio, Takashi
AU  - Yashiro, Naohiro
TI  - Social Security and Retirement in Japan
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6156
PY  - 1997
Y2  - September 1997
DO  - 10.3386/w6156
UR  - http://www.nber.org/papers/w6156
L1  - http://www.nber.org/papers/w6156.pdf
N1  - Author contact info:
Takashi Oshio
E-Mail: oshio@ier.hit-u.ac.jp

Naohiro Yashiro
International Christian University
Osawa 3-10-2, Mitakashi
Tokyo 181-8585
JAPAN
Tel: fax 081-3-3318-7061
E-Mail: n-yashiro@swu.ac.jp
M1  - published as Naohiro Yashiro, Takashi Oshio . "Social Security and Retirement in Japan ," in Jonathan Gruber and David A. Wise, editors, "Social Security and Retirement around the World" University of Chicago Press (1999)

AB  - We provide the incentive mechanism of the public pension on the retirement decisions made in the Japanese labor market. Though the labor market participation of Japanese older persons is quite high by international standards, a principle incentive mechanism of the public pension system in Japan affecting the retirement behavior has many things in common with those in other OECD countries.  The pension benefits are designed  actuarially unfair,' and the decision to work beyond age 60 is penalized.  As the population ages quite rapidly, it is wasteful to maintain the disincentive mechanism arising from the actuarially unfair pension scheme for older persons.
ER  -