The population base in both the United States and Japan is growing older and, as those populations age, they provoke heretofore unexamined economic consequences. This cutting-edge, comparative volume, the third in the joint series offered by the National Bureau of Economic Research and the Japan Center for Economic Research, explores those consequences, drawing specific attention to four key areas: incentives for early retirement; savings, wealth, and asset allocation over the life cycle; health care and health care reform; and population projections.Given the undeniable global im
Contents; Preface; Introduction; 1. Choice, Chance, and Wealth Dispersion at Retirement; 2. Household Portfolio Allocation over the Life Cycle; 3. The Social Security System and the Demand for Personal Annuity and Life Insurance: An Analysis of Japanese Microdata, 1990 and 1994; 4. An Empirical Investigation of Intergenerational Consumption Distribution: A Comparison among Japan, the United States, and the United Kingdom; 5. The Third Wave in Health Care Reform; 6. Concentration and Persistence of Health Care Costs for the Aged
7. The Effects of Demographic Change on Health and Medical Expenditures: A Simulation Analysis8. Choice among Employer-Provided Insurance Plans; 9. Employees' Pension Benefits and the Labor Supply of Older Japanese Workers, 1980s-1990s; 10. The Motivations for Business Retirement Policies; 11. Promotion, Incentives, and Wages; 12. What Went Wrong with the 1991-92 Official Population Projection of Japan?; Contributors; Author Index; Subject Index
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