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JAPANESE PENSION REFORM: CAN WE GET OUT OF INTERGENERATIONAL EXPLOITATION?

Shigeki Kunieda
Hitotsubashi Journal of Economics
Vol. 43, No. 2, International Symposium on Pension Reforms in Asian Countries (December 2002), pp. 57-71
Published by: Hitotsubashi University
Stable URL: http://www.jstor.org/stable/43296104
Page Count: 15
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
JAPANESE PENSION REFORM: CAN WE GET OUT OF INTERGENERATIONAL EXPLOITATION?
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Abstract

In the rapid aging society of Japan, the current intergenerational inequality caused by public pension is intolerable. Fundamental pension reform is necessary to stop this "intergenerational exploitation." In this paper, I discuss some missing important topics such as intergenerational risk sharing, political risk and administrative cost in Japanese pension reform controversy. And I argue that reducing the benefit to the current pensioners is only the way to restore intergenerational equity in the Japanese public pension. Further, I discuss that the pension reform toward funded pension system is essential in order to avoid intergenerational exploitation in future.

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