Aging Issues in the United States and Japan

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Seiritsu Ogura, Toshiaki Tachibanaki, David A. Wise
University of Chicago Press, Nov 1, 2007 - Social Science - 352 pages
The population base in both the United States and Japan is growing older and, as those populations age, they provoke heretofore unexamined economic consequences. This cutting-edge, comparative volume, the third in the joint series offered by the National Bureau of Economic Research and the Japan Center for Economic Research, explores those consequences, drawing specific attention to four key areas: incentives for early retirement; savings, wealth, and asset allocation over the life cycle; health care and health care reform; and population projections.

Given the undeniable global importance of the Japanese and U.S. economies, these innovative essays shed welcome new light on the complex correlations between aging and economic behavior. This insightful work not only deepens our understanding of the Japanese and American economic landscapes but, through careful examination of the comparative social and economic data, clarifies the complex relation between aging societies, public policies, and economic outcomes.


 

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Contents

1 Choice Chance and Wealth Dispersion at Retirement
25
2 Household Portfolio Allocation over the Life Cycle
65
An Analysis of Japanese Microdata 1990 and 1994
105
A Comparison among Japan the United States and the United Kingdom
135
5 The Third Wave in Health Care Reform
169
6 Concentration and Persistence of Health Care Costs for the Aged
187
A Simulation Analysis
223
8 Choice among EmployerProvided Insurance Plans
249
9 Employees Pension Benefits and the Labor Supply of Older Japanese Workers 1980s1990s
273
10 The Motivations for Business Retirement Policies
307
11 Promotion Incentives and Wages
335
12 What Went Wrong with the 199192 Official Population Projection of Japan?
361
Contributors
403
Author Index
405
Subject Index
407
Copyright

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Page x - RELATION OF NATIONAL BUREAU DIRECTORS TO PUBLICATIONS REPORTING CONFERENCE PROCEEDINGS Since the present volume is a record of conference proceedings, it has been exempted from the rules governing submission of manuscripts to, and critical review by, the Board of Directors of the National Bureau.
Page 8 - Yet I think it goes far enough to demonstrate that one cannot rule out the possibility that a large part of the existing inequality of wealth can be regarded as produced by men to satisfy their tastes and preferences.
Page 409 - John F. Kennedy School of Government, Harvard University, 79 John F. Kennedy Street, Cambridge, MA 02138.
Page 8 - ... among the alternatives technically available. The personal distribution of income, on the other hand, when it has been analyzed at all, has been treated as largely independent of choices made by individuals through the market, except as these affect the price per unit of the factors of production. Differences among individuals or families in the amount of income received are generally regarded as reflecting either circumstances largely outside the control of the individuals concerned, such as...
Page 408 - Department of Economics, Massachusetts Institute of Technology, 50 Memorial Drive, Cambridge, MA 02142; Joskow and Schmalensee: National Bureau of Economic Research.

About the author (2007)

Seiritsu Ogura teaches at Hosei University and is a member of the Japan Center for Economic Research.

Toshiaki Tachibanaki is a professor of economics in the Institute for Economic Research at Kyoto University.

David A. Wise is the director of the NBER's program on aging and the John F. Stambaugh Professor of Political Economy at the John F. Kennedy School of Government at Harvard University. He is the editor or coeditor of thirteen volumes in the NBER series, all published by the University of Chicago Pres

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