Population aging, economic growth, and intergenerational transfers in Japan: how dire are the prospects?

Ogawa, Naoko; Lee, Sang-Hyop; Matsukura, Rikiya; Tung, An‐Chi; Lai, Mun Sim

doi:10.4337/9781781953600.00014

Cited by 4 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…A comparison of Taiwan's experience with that of Japan sheds light on what would evolve in the future. Ogawa et al (2012) reported that elderly people in Japan aged 65-75 went from being net receivers of intra-household transfers to being net givers around 1999. This could have resulted from the fact that the younger generation had to contend with income instability due to chronic economic slowdown, while the older generation continued to receive a steady income from their public pensions.…”

Section: Less Support From Familiesmentioning

confidence: 99%

Who supports the elderly? The changing economic lifecycle reallocation in Taiwan, 1985 and 2005

Lai¹,

Tung

2015

The Journal of the Economics of Ageing

Self Cite

View full text Add to dashboard Cite

Section: Less Support From Familiesmentioning

confidence: 99%

Who supports the elderly? The changing economic lifecycle reallocation in Taiwan, 1985 and 2005

Lai¹,

Tung

2015

The Journal of the Economics of Ageing

Self Cite

View full text Add to dashboard Cite

“…Over the past decade, the total fertility has hovered around 1.3 births per woman. As a result of this long-term trend in fertility, Japan now has one of the oldest populations in the world and the absolute size of the population has begun to decline (Ogawa et al 2012).…”

Section: Introductionmentioning

confidence: 99%

Low fertility, human capital, and economic growth

Clark¹,

Matsukura²,

Ogawa³

2013

DemRes

Self Cite

View full text Add to dashboard Cite

BACKGROUNDInternational research has shown that workers have a rather low level of financial literacy. Financial literacy is associated with lifetime planning and saving for retirement. This article focuses on the role of financial literacy in the demand for human capital and on-the-job training among older workers in Japan. Workers with higher levels of financial literacy are more likely to demand human capital, plan to enter training programs, and desire to work after retirement. OBJECTIVEDoes financial literacy affect the demand for additional human capital among older Japanese workers? How does the level of financial literacy affect the age of retirement and plans for working after retirement from a career job in Japan? METHODSThis paper analyzes data from a national survey of Japanese employees. We estimate the effect of financial literacy on the demand for additional human capital to remain competitive for promotions and for finding employment after retirement. RESULTSHigher levels of financial literacy are associated with greater demand for additional human capital and for participation in on-the-job training programs among older workers in Japan. http://www.demographic-research.org CONCLUSIONSGiven the rapid aging of the Japanese population and the decline in the total population, providing employment opportunities for older workers (ages 60 and older) is a key to sustaining economic growth and per capita income. The analysis indicates that greater levels of financial literacy are associated with a desire for more training and human capital. Thus, enhancing the level of financial literacy among older workers may be a key to maintaining economic wellbeing.

show abstract

Population Aging in Postwar Japan: Processes and Prospects

Shimizutani¹

2015

Asia-Pacific Review

View full text Add to dashboard Cite

Population aging, economic growth, and intergenerational transfers in Japan: how dire are the prospects?

Cited by 4 publications

References 0 publications

Who supports the elderly? The changing economic lifecycle reallocation in Taiwan, 1985 and 2005

Who supports the elderly? The changing economic lifecycle reallocation in Taiwan, 1985 and 2005

Low fertility, human capital, and economic growth

Population Aging in Postwar Japan: Processes and Prospects

Contact Info

Product

Resources

About