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

In Copyright. URI: http://rightsstatements.org/vocab/InC/1.0/ This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

Persistent Identifier

http://archives.pdx.edu/ds/psu/25335

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