YUKINOBU KITAMURA
   Department   Department of Data Science, Faculty of Data Science
   Position   Professor
Language English
Publication Date 2009/06
Type
Title How to Make the Japanese Public Pension System Reliable and Workable
Contribution Type
Journal ASIAN ECONOMIC POLICY REVIEW
Journal TypeAnother Country
Publisher WILEY-BLACKWELL PUBLISHING, INC
Volume, Issue, Page 4(1),pp.97-116
Author and coauthor Noriyuki Takayama, Yukinobu Kitamura
Details This paper has two objectives. The first is to identify current problems in Japan's pension administration. The chief problem is a weak governance structure. In particular, the current governance structure ignores the role of pension participants. A rigorous division and clear assignment of responsibilities to each of the pension participants, the Social Insurance Agency, and the Ministry of Health, Labor and Welfare is urgently needed. Given rapid demographic change, the second objective is to consider the case for full tax financing of the National Basic Pension. It is estimated that the net burden would vary across different cohorts, but we demonstrate that the net burden can be smoothed across different cohorts. This result is quite different from that in the 2008 Interim Report of the Japanese National Council on Social Security.
DOI 10.1111/j.1748-3131.2009.01112.x