Wharton Pension Research Council Working Papers
 

Title

Annuity Markets in Japan

Document Type

Working Paper

Date of this Version

9-1-2010

Abstract

In Japan, annuities are not currently very popular as a means to finance retirement, since many people rely on government social security benefits in old age. When annuities are sold, they tend not to be life payouts but rather term-certain products. In this sense, the annuity puzzle also applies to Japan. We discuss possible reasons for the unpopularity of annuity products, including costs and inequitable taxation that hinders people from buying them.

Comments

The published version of this Working Paper may be found in the 2011 publication: Securing Lifelong Retirement Income.

Working Paper Number

WP2010-21

Copyright/Permission Statement

Opinions and conclusions are solely those of the author(s) and do not reflect views of the institutions supporting the research, with whom the authors are affiliated, or the Pension Research Council. Copyright 2010 © Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.

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Date Posted: 07 August 2019