01870cas a2200265 a 4500 AALejournalIMF018865 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484384718 1018-5941 BD-DhAAL BD-DhAAL McGrattan, Ellen. On Financing Retirement, Health, and Long-term Care in Japan / Ellen McGrattan, Kazuaki Miyachi, Adrian Peralta-Alva. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages. This paper analyzes the impact of policy options intended to address this problem by employing a dynamic general equilibrium overlapping generations model, specifically parameterized to match both the macroeconomic and microeconomic level data of Japan. We find that financing the costs of aging through gradual increases in the consumption tax rate delivers a better macroeconomic performance and higher welfare for most individuals than other financing options, including those of raising social security contributions, debt financing, and a uniform increase in health and long-term care copayments. Mode of access: Internet Miyachi, Kazuaki. Peralta-Alva, Adrian. IMF Working Papers; Working Paper ; No. 2018/249 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/249/001.2018.issue-249-en.xml IMF e-Library