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Vol. 53, No. 3, pp. 268-284 (2002)

“Recent Pension Debates and World-wide Pension Trends”
Noriyuki Takayama (The Institute of Economic Research, Hitotsubashi University)

The 1994 World Bank report on Averting the Old Age Crisis induced lively debates among pension experts. In this paper, firstly I will clarify the main issues of the pension debates, and explain the current achievements. On several controversial issues, some convergence is now reached. Secondly, I will present the recent pension reforms from around the world. Finally, I will discuss the future pension tasks facing Japan.