The impact of population ageing on the social security expenditure and economic growth in Japan.
The author considers the impact of demographic aging in Japan on the social security system and on economic growth.  It is argued that "First of all, as the cost of social security (including social services) increases remarkably at the earlier stage of ageing, the disposable (after tax) income and private consumption of the present labour force generation tend to increase at a lower growth rate than that of the GNP....Secondly if pension systems are based on terminal funding schemes, the ageing of the population increases savings (net increase of the amount of the pension funds) at the earlier stage of the ageing of the population.  Thirdly, there is a time lag between the increase of social security benefits and the decrease in the personal savings ratio.  The high ratio of savings and the shortage of aggregate demand as well as the high pressure for export in...recent Japan can partly be attributed to the above factors."  Possible future economic scenarios as demographic ageing in Japan proceeds are described, and policies to avert anticipated problems are outlined. (SUMMARY IN JPN)
Maruo
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D000328:Adult; D017677:Age Distribution; D000367:Age Factors; D000368:Aged; D001208:Asia; D003132:Commerce; D003710:Demography; D003858:Dependency, Psychological; D019049:Developed Countries; D003906:Developing Countries; D004467:Economics; D005202:Asia, Eastern; D005376:Financial Management; D005380:Financing, Government; D005102:Health Expenditures; D007182:Income; D007564:Japan; D009826:Old Age Assistance; D011153:Population; D011154:Population Characteristics; D011157:Population Dynamics; D011640:Public Policy; D012922:Social Change; D012943:Social Security; D012959:Socioeconomic Factors; D013997:Time Factors
Adult; Age Distribution--changes; Age Factors; Aged; Asia; Commerce; Consumption; Demographic Aging; Demographic Factors; Dependency Burden; Developed Countries; Developing Countries; Eastern Asia; Economic Conditions--changes; Economic Development; Economic Factors; Expenditures; Financial Activities; Financing, Government; Funds; Gross National Product; Japan; Macroeconomic Factors; Microeconomic Factors; Old Age Security; Policy; Population; Population Characteristics; Population Dynamics; Production; Savings; Social Change; Social Security--cost; Socioeconomic Factors; Time Factors