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Retirement Transitions In Japan

Nov 2014
Working Paper
14-013
By  Robert Clark, Rikiya Matsukura, Naohiro Ogawa
Populations throughout the developed world are aging in response to low fertility rates and increases in longevity. Delaying retirement becomes increasingly important to individuals as they must confront the need to finance more years in retirement while governments are concerned about the cost of public retirement programs and maintaining the rate of economic growth. Japan is at the leading edge of these issues as it has one of the world’s lowest fertility rates along with one of the highest life expectancies.