ヤマダ トモアキ   Yamada Tomoaki
  山田 知明
   所属   明治大学  商学部
   職種   専任教授
言語種別 英語
発行・発表の年月 2016/02
形態種別 学術雑誌
査読 査読有り
標題 Achieving Fiscal Balance in Japan
執筆形態 共著(筆頭者以外)
掲載誌名 International Economic Review
掲載区分国外
巻・号・頁 57(1),pp.117-154
著者・共著者 Selahattin Imrohoroglu, Sagiri Kitao
概要 Japan is aging and has the highest government debt-to-output ratio among advanced economies. In this article, we build a micro data-based,large scale overlapping generations model for Japan in which individuals differ in age,gender, employment type, income, and asset holdings, and incorporate the Japanese pension rules. Using existing pension law, current fiscal policy, and medium variants of demographic projections, we produce future paths for government expenditures and tax revenues, with implications for government debt and the public pension fund. Additional pension reform, a higher consumption tax, and higher female labor force participation help achieve fiscal stability.