Evaluating Social Security Reforms in Japan : Analysis of Generational Fiscal Burdens and Benefits Using Cohort Data

This paper evaluates lifetime public burdens and benefits of generations in Japan based on cohort data, and the paper also simulates how much social security reforms proposed by the Japanese government would change the generational gap in lifetime public benefits and burdens. The experimental results clearly show that old generation receives much more public benefits than their public burdens. On the contrary, the results presents that young generations bear more public burdens than their public benefits. It is also revealed that the social security reform would hardly improve the generational gap in lifetime public benefits and burdens