Social Security, Savings, and Labor Supply of the Elderly in Japan

Author

Tetsuji Yamada, Graduate Center, City University of New YorkFollow

Date of Degree

1987

Document Type

Dissertation

Degree Name

Ph.D.

Program

Economics

Advisor

Michael Grossman

Committee Members

Harold Hochman

Salih Naftci

Subject Categories

Economics

Abstract

The study examines the controversial, inconsistent empirical results of the effect of social security on personal savings and analyzes the interdependency in the context of social security between the personal savings and labor supply behavior of elderly workers.

Very few studies in this field have been done, and it has not theoretically and empirically been accomplished yet in Japan. Time-series data are used for 1946-1982, and the methods of technique are ordinary least squares and a simultaneous-equation model in the life cycle framework.

The study finds that social security affects personal savings and that the benefit effect dominates the retirement effect concerning the hypothesized dual effects. The study also identifies an interdependency between personal savings and the labor force participation of the elderly in Japan.

Comments

Digital reproduction from the UMI microform.

Recommended Citation

Yamada, Tetsuji, "Social Security, Savings, and Labor Supply of the Elderly in Japan" (1987). CUNY Academic Works.
https://academicworks.cuny.edu/gc_etds/1657