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| A comparison of the rates of return offered by the National Pension Fund, post office pensions, and personal pension plans of life insurance companies | | Author(s) | Eiji Tajika, Fumiko Hayashi |
| Corporate Author | National Institute of Population and Social Security Research, Japan |
| Journal title | Review of Social Policy, no 6, 1997 |
| Publisher | Tokyo, 1997 |
| Pages | pp 65-86 |
| Keywords | Personal pensions ; Pensions ; Cost effectiveness ; Performance ; Comparison ; Japan. |
| Annotation | In the personal pension market, information on the probability of survival is inadequate. This can result either in adverse selection, or those with a low probability of survival possibly being excluded. In the US insurance market, this type of failure has been considered a serious problem as it relates to personal pensions. This paper compares three major types of personal pensions in Japan to determine whether adverse selection has occurred in these pension markets, and concludes that no such phenomenon has taken place. However, the profit rates of some pension plans are extremely vague, and this deficiency seems to have obstructed the growth of lifetime personal pension plans in Japan. (RH). |
| Accession Number | CPA-980910230 A |
| Classmark | JKG: JJ: WEC: 5H: 48: 7DT |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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