Policy Simulation on Retirement PlanningConsidering Individual Attributes

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  • 退職後の資産運用・取り崩しに関する個人の属性を考慮した施策シミュレーション
  • タイショク ゴ ノ シサン ウンヨウ ・ トリクズシ ニ カンスル コジン ノ ゾクセイ オ コウリョ シタ シサク シミュレーション

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<p>The problem of asset formation and withdrawal after retirement in Japan is increasingly gaining interest with societal aging and longevity. However, asset depletion-related issues, including measures to prevent them, are underexplored. In this paper, we approach Japan’s current asset formation and withdrawal after retirement through simulation analysis using actual data. We analyze the impact of various asset depletion measures in exogenous scenarios based on individual attributes and risk asset investment. The main results are as follows. 1) Asset depletion rate varies between asset classes, risk amounts, and expected lives. 2) Asset depletion rate does not decrease monotonically as the asset class rises. 3) Taking risks according to individual attributes is necessary to reduce asset depletion rate. 4) If asset depletion rate increases due to reduced public pension benefit level, the increase can be suppressed to a certain extent by raising the retirement age or curbing spending.</p>

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