%0 Journal Article
%T Pension Reform in Japan
%A Akira Okamoto
%J Economic Analysis and Policy
%D 2010
%I 
%X This paper aims to establish guidelines for public pension reform in Japan, using a numerical simulation approach. The paper introduces the example of a minimum guaranteed pension in the Swedish pension system and compares this with the basic pension in Japan¡¯s public pension system, with regard to methods of income redistribution through a public pension scheme. Simulation results show that the switch from the basic pension to the guaranteed pension does not always generate favorable results. If we consider a public pension program with the same scale as the current Japanese program, the highest level of social welfare is attained when a public pension system consists of only a basic pension and is financed by a consumption tax.
%K Public pension reform
%K Swedish pension system
%K Minimum guaranteed pension
%K Basic pension
%K Life-cycle general equilibrium simulation model
%U http://www.eap-journal.com/archive/v40_i2_05_okamoto.pdf