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The search for more equitable pensions between generations

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Chapter Summary

This chapter addresses pension issues in the context of intergenerational equity. Special attention is paid to the following two problems: first, how to find an intergenerationally equitable remedy for the mistakes made in the past; second, what pension schemes will be preferable for a nation to avoid any inequities between generations arising from uncertainties in the future. The chapter presents a brief overview of the Japanese social security pension programme and its financing perspectives. It then discusses the key problems of the public pension system and an analysis of the most important reform measures of the last pension reform. The chapter deals with intergenerational equity issues in Japan's social security pensions and the future policy options to secure equity between generations.

Keywords: intergenerational equity; Japanese social security; public pension system



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