Welfare analysis of progressive expenditure taxation in Japan

Access this Article

Search this Article

Abstract

This paper aims to establish guidelines for public pension reform in an aging Japan, using a numerical simulation approach. The paper examines the effects of demographic change and public pension policies on economic growth and welfare, using a dynamic life-cycle general equilibrium model. It deals with the benchmark case withthe current Japanese pension schedule based on the 2004 reform, and the reform cases in which the whole basic pension benefit is financed by a consumption tax and in which the earnings-related pension is abolished. Moreover, it handles the case in which a progressive expenditure (or consumption) tax is introduced. The simulation results show that the level of economic welfare is higher under these reforms than under the current pension schedule.

Journal

  • Okayama economics review

    Okayama economics review 42(2), 95-123, 2010-09

    岡山大学経済学会

Codes

  • NII Article ID (NAID)
    120002401095
  • NII NACSIS-CAT ID (NCID)
    AN00032897
  • Text Lang
    ENG
  • Article Type
    journal article
  • Journal Type
    大学紀要
  • ISSN
    03863069
  • NDL Article ID
    10825963
  • NDL Source Classification
    ZD11(経済--経済学)
  • NDL Call No.
    Z3-940
  • Data Source
    NDL  IR 
Page Top