TY - BOOK AU - Kashiwase,Kenichiro AU - Nozaki,Masahiro AU - Tokuoka,Kiichi ED - International Monetary Fund. ED - International Monetary Fund. TI - Pension reforms in Japan T2 - IMF working paper SN - 9781475576801 AV - HG3881.5.I58 W67 No. 12/285eb U1 - 331.25/20952 23 PY - 2012/// CY - [Washington, D.C.] PB - International Monetary Fund KW - Pensions KW - Japan KW - fast KW - Electronic books KW - BUSINESS & ECONOMICS / Labor KW - bisacsh KW - POLITICAL SCIENCE / Labor & Industrial Relations N1 - Title from PDF title page (IMF Web site, viewed Dec. 6, 2012); "Asia and Pacific Department and Fiscal Affairs Department."; "December 2012."; Includes bibliographical references N2 - This paper analyzes various reform options for Japan's public pension in light of large fiscal consolidation needs of the country. The most attractive option is to increase the pension eligibility age in line with high and rising life expectancy. This would have a positive effect on long-run economic growth and would be relatively fair in sharing the burden of fiscal adjustment between younger and older generations. Other attractive options include better targeting by "clawing back" a small portion of pension benefits from wealthy retirees, reducing preferential tax treatment of pension benefit incomes, and collecting contributions from dependent spouses of employees, who are currently eligible for pension benefits even though they make no contributions. These options, if implemented concurrently, could reduce the government annual subsidy and the government deficit by up to 1 1/4 percent of GDP by 2020 UR - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=536795 ER -