First Advisor
Cesar M. Rodriguez
Date of Award
5-23-2018
Document Type
Thesis
Degree Name
Bachelor of Science (B.S.) in Economics and University Honors
Department
Economics
Subjects
Social security -- United States, Social security -- Japan, Social security -- Finance, Retirement age -- Economic aspects, Pensions -- Government policy, Life expectancy, Early retirement
DOI
10.15760/honors.567
Abstract
The Social Security Systems in the United States and Japan face issues due to demographic changes. This paper focuses on and discusses how retirement pensions are determined in each country and issues due to prolonged life expectancy and trends toward early retirement. In the US a plan that accounts for the deficit caused by these demographic changes and then increases the payroll tax and decreases benefits accordingly would put it back onto a sustainable path. While in Japan, continuing with the initial goals of the 2004 pension reform, decreasing the replacement rate by 20 percent and increasing the normal retirement age would also help to alleviate Social Security's uncertain future.
Rights
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Persistent Identifier
http://archives.pdx.edu/ds/psu/25335
Recommended Citation
Karns, Torgen, "The Effects of Aging, Prolonged Life Expectancy and Retirement on the American and Japanese Social Security Systems" (2018). University Honors Theses. Paper 560.
https://doi.org/10.15760/honors.567