NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Yasushi Iwamoto

University of Tokyo
Department of Economics
7-3-1 Hongo Bunkyo-ku
Tokyo 113-0033 JAPAN
Tel: fax 81-3-5841-5521

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org

NBER Working Papers and Publications

October 2007Comment on "Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the United States, European Union, Japan, and China"
in Fiscal Policy and Management in East Asia, NBER-EASE, Volume 16, Takatoshi Ito and Andrew K. Rose, editors
Policy Options for Financing Future Health and Long-Term Care Costs in Japan
with Tadashi Fukui
in Fiscal Policy and Management in East Asia, NBER-EASE, Volume 16, Takatoshi Ito and Andrew K. Rose, editors
August 2006Policy Options for Financing the Future Health and Long-Term Care Costs in Japan
with Tadashi Fukui: w12427
As the Japanese population structure changes, health care and long-term care costs will steadily increase. The current style of financing (pay-as-you-go) will create a large increase in future burden of these costs. This paper studies an alternative policy that prefunds the social insurance benefits for the elderly. During a transition process, the proposed scheme maintains a higher contribution rate in order to accumulate sufficient funds. Under our baseline scenario, the sum of the contribution rates toward health insurance and long-term care insurance increases from 5.06 percent of earnings to 12.41 percent of the same. The rate of increase in overall burdens, including taxes and subsidies, is 63 percent. Our sensitivity analysis has shown that the quantitative implications of the i...

Published: Itō, Takatoshi and Andrew Rose (eds.) Fiscal policy and management in East Asia. Chicago and London: University of Chicago Press, 2007.

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us