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Social Security, Savings, And Labor Supply Of The Elderly In Japan, Tetsuji Yamada

Dissertations, Theses, and Capstone Projects

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 …