Centre for Policy on Ageing



Redistribution effects of the Japanese public pension system
Author(s)	Noriyoshi Oguchi, Yoko Kimura, Tatsuo Hatta
Journal title	Review of Social Policy, no 5, March 1996
Publisher	Social Development Research Institute, Tokyo, March 1996
Pages	pp 25-52
Source	Social Development Research Institute, 19-8, Akasaka 2-chome, Minato-ku, Tokyo 107, Japan.
Keywords	Pensions ; Personal pensions ; Social policy ; Social economics ; Insurance ; Japan.
Annotation	This paper has three main objectives. The first is an inquiry into the meaning of public pensions in a free market economy with private pension systems. The rationalisation of a public pension system will focus on efficiency rather than distribution ground. The role of each public pension system in Japan will be clarified from this viewpoint. Second, the intergenerational and intragenerational redistribution effects of the current system will be quantified on individual and aggregate bases. In particular, it is pointed out that an employee born in 1935 earns a net income transfer equal to 20% of his or her lifetime earnings, while an employee born in 1970 makes a net contribution to the pension system equal to 10% of his or her lifetime earnings. Finally, insurance fees that will make the Japanese public pension system actuarially fair hereafter are estimated. (AKM).
Accession Number	CPA-980514227 A
Classmark	JJ: JKG: TM2: W4: WP: 7DT
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