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determinants of private pensions and severance pay theory and evidence from Japan by Hong W. Tan

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Published by Research School of Pacific Studies, Australian National University in Canberra, Australia .
Written in English



  • Japan,
  • Japan.


  • Pension trusts -- Japan -- Mathematical models.,
  • Severance pay -- Japan -- Mathematical models.,
  • Pension trusts -- Law and legislation -- Japan.

Book details:

Edition Notes

Bibliography: p. 41-43.

StatementHong W. Tan and Atsushi Seike.
SeriesPacific economic paper,, no. 144
ContributionsSeike, Atsushi, 1954-
LC ClassificationsHF4030.7.Z5 P33 no. 144, HD7105.45.J3 P33 no. 144
The Physical Object
Paginationiv, 44 p. :
Number of Pages44
ID Numbers
Open LibraryOL2077762M
ISBN 100731500253
LC Control Number88112143

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This paper argues that pensions are used as severance pay devices in an efficient compensation scheme. The major points of the study are: (1) Severance pay, which takes the form of higher pension Author: Satoshi P. Watanabe. Downloadable! The paper aims to analyze the determinants of the individual choice of con- tributing to pension funds, particularly by focusing on individual preferences towards the annuitization of the accumulated pension capital. The analysis is performed in the light of the latest reform of social security in Italy, convert- ing the severance pay scheme (the so-called TFR) into a fully Author: Devis Geron.   Correlation between coverage of voluntary private pensions and tax incentives for private pensions relative to benchmark savings 37 Percentage of IRA and (k) saving that is new saving 38 Revenues foregone from tax incentives for private pensions in selected OECD countries as a percentage of GDP and a percentage of public Pages: Reengineering the Survey of Income and Program Participation (SIPP) represented a tremendous opportunity to strengthen the survey’s ability to address its main objectives while tackling changes in available resources. The purpose of this chapter is to assess the changes made to the content subject.

Pensions as Severance Pay: Edward P. Lazear (p. 57 - 90) (bibliographic info) (Working Paper version) 4. Optimal Funding and Asset Allocation Rules for Defined-Benefit Pension Plans: J. Michael Harrison, William F. Sharpe (p. 91 - ) (bibliographic info) (download) (Working Paper version)Cited by: Downloadable! This contribution investigates severance payments for dismissed employees in Germany. Subsequent to an overview about the legal framework, we respond to the following questions: Who receives severance payments? By which characteristics is the level of severance payments determined? Is overcompensation to be considered a relevant issue?Cited by: CEOS to ‘cook-the book’ to spin market share and prizes; The emergence of portfolio CEOS and senior board members settling themselves with fat-cheques,pensions and severance package at the expense of shareholders and investors. Public and private pensions are also likely to have played a central role. Much as the increasing availability and generosity of public and private pensions helped to make earlier retirement possible over the course of the 20th century, changes to pensions in the past few decades that have raised retirement age and strengthened the financial.

1. Introduction. There has been a steady increase in the incidence and coverage of corporate pension plans in Japan. The decade of the s was pivotal, when the number of corporations adopting formal pension plans increased to the point that by the majority of companies employing more than employees had pension plans in place (see Appendix A).Cited by: 8.   Early retirement can be a soft way to reduce or to renew the workforce. Godofsky () found out that downsizing organizations in the US induced early retirement by offering incentives such as five extra weeks of severance pay and five extra years of pension in addition to calculating the pension as if the individual is five years older. Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours. An increasing number of individuals are choosing to put off this point of total retirement, by selecting to exist in the emerging state of pre-tirement. Some people who have retired from a position with a pre-nominal title, particularly.   We next decompose total pay into its components, illustrating in particular the rise and fall of option compensation, and discuss the increasing use or disclosure of other forms of pay, such as performance-based equity, (multi-year) bonus plans, pensions, perquisites (“perks”), and severance pay.