Investment risk-taking and benefit adequacy under automatic balancing mechanism in the Japanese public pension system
Abstract The automatic balancing mechanism introduced in 2004 aims to re-establish the financial equilibrium of the Japanese public pension systems. The non-linear functions for benefits embedded in the automatic balancing mechanism make it challenging to analyse the impact of market fluctuations on...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2023-08-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-023-01983-6 |