21 research outputs found
Simulation Analysis of the Revision of the Survivors' Pension System (Japanese)
In this paper we discuss the impact of potential proposed revisions to the survivors' pension system on the stability of pension finance and on intergenerational and intragenerational equitability. The three proposals we study are: (1) the proposal that the survivors' pension benefit be reduced to approximately 50% of the husband's benefit, as in Europe, (2) the proposal that the pension benefit received by a husband-wife household be revised to the income-averaging method in which the contributions of spouses are averaged over the duration of the marriage in calculating the amount of pension benefits of the spouses, and (3) the proposal, modelled on the Swedish method, that survivor benefits be separated from the Employees' Pension Insurance system, the funding based on general tax revenue, and employee pensions netted off by the amount of the survivors' benefits, based on the insurance principle. Our conclusions are as follows. First, so long as the current public pension system is built on the Basic Pension System which apportions benefits to every pensioner, it will not be possible to consider reducing the period of application of the macroeconomic slide system, as that would lead to the destruction of the National Pension System. In view of this, if these revision proposals were implemented it would be appropriate to alleviate the burden of Employees' Pension Insurance premiums. An incidental effect of this would be that the amount of the reserves of the public pension system, which are forecast to accumulate astronomically under the present finite balance system, could be reduced to some degree. This could be expected to have the effect of alleviating or avoiding the risk arising from fluctuations in investment returns. In addition, with regard to the internal rate of return (IRR) of employee pensions, we examine the impact of each of the revision proposals on different generations within and between types of household. The implementation of each of the proposals would give rise to the existence of vested pensioners who suffer declines in IRR, particularly in the model households for the middle-aged and elderly generations, though many households, in the young generation in particular, would benefit from a lower insurance premium burden. Combined with the fact that under the finite balance system it will primarily be the young generation that benefits from the run-down of the reserves left by the middle-aged and elderly generations, the generation gap can be expected to narrow somewhat. We also confirm that, as would be expected, the reduction and separation of the survivors' pension benefit generally reduces the gap between the model households and the other types of household.
Impact of Greater Longevity on Pension Financing (Japanese)
Although greater longevity is coupled with a lower birthrate as one of the major causes of Japan's aging population, when it comes to factors influencing pension financing, longevity has not attracted as much attention as the birthrate. This paper quantitatively evaluates the impact of greater longevity on pension financing and examines the extent to which improvements can be expected in the sustainability of pension financing, by raising the eligibility age, using Population Projections for Japan: 2001-2050 with multiple assumptions for a longer life-span. Raising the eligibility age will improve pension financing quite considerably but this is an issue that needs to be debated in the future. At the same time, however, Japan should develop an infrastructure for social security systems and the labor market that will enable older workers to maintain their vigor as they work. This paper also conducts a simulation analysis of pension financing by concomitantly using the pension actuarial model and the life-cycle general equilibrium model so that the effects of changes in the population structure, through longer life-spans on the macro economy, can be taken into account. By using the pension actuarial model and the life-cycle general equilibrium model together, it will be possible to examine economic assumptions used in pension financing estimates, while consistently factoring in the impact of greater longevity on wage and interest rates from the standpoint of the life-cycle hypothesis. As estimates of pension financing cover extremely long periods of 100 years or so, it is necessary to pay greater attention to factors such as the aging population and life-cycle, which can cause dynamic fluctuations at the macro level. Pension estimates produced by the Ministry of Health, Labour and Welfare use fixed economic assumptions and regardless of which population assumptions are used, the research results in this paper indicate the possibility that in time, assumptions may lose their accuracy.
Establishing Principles for a More Sustainable Pension System in Japan, and Identifying Challenges (Japanese)
This paper looks into the intermingling of the self insurance and public assistance principles in Japan's government-sponsored pension system that has been eroding public trust in the system. Using a newly developed pension funding model (the RIETI model), we analyze options for reforms quantitatively by clarifying the respective roles to be played by the financially fair insurance model and public assistance to poor retirees. In particular, we have simulated a pair of reform options: (1) fund the entire Basic Pension by the national treasury as a form of minimum guarantee to all the people in accordance with the assistance principle and Employees' Welfare Pension will be purified as a earning-related financially fair system on top of the Basic Pension, (2) reorganizing the National Pension and Employees' Welfare Pension systems into a new integrated, single-tier pension based on an earnings-related financially fair mechanism, with a supplementary pension for low-income pension recipients paid entirely from the national treasury on the basis of the assistance principle. In the first reform option, if the level of Employees' Welfare Pension contributions set out in the 2004 pension reform were maintained for second-tier contributions, a benefit multiplier of approximately 1.91 times the current rate could be achieved. If benefits were maintained at the levels set in the 2004 reform, the contribution rate for the second-tier pension could be reduced to about 11.93%. In these cases, an additional 7-point hike in the consumption tax would be required to fund Basic Pension benefits at the peak of old-age population. In the second reform option, the additional consumption tax would be relatively low, but the asset size of the earning-related pension system would greatly expand, creating a reserve fund twice as large as that under the current system. We have concluded that the capital market impact of introducing such a system needs to be taken into consideration. Furthermore, our simulations demonstrate that switching to such a system would significantly change the relationship between benefits and contributions. Therefore introduction of the new system would improve the return on contributions for some income groups and diminish it for others.
Decreased cholinesterase level combined with renal dysfunction and sympathetic denervation associated with increased cardiac mortality in systolic heart failure
AimsCardiac mortality in patients with heart failure (HF) is likely to be aggravated by malnutrition, assessed by serum cholinesterase (ChE) level, as well as by kidney dysfunction or impairment of cardiac sympathetic denervation. Their prognostic interactions, however, have not been determined.MethodsA total of 991 systolic HF patients were enrolled in our HF database following clinical evaluation including evaluation of the nutrition state and assessment of standardized heart-to-mediastinum ratio (sHMR) of iodine-123-labeled meta-iodobenzylguanidine activity. Patients were followed up for an average of 43 months with the primary endpoint of fatal cardiac events (CEs).ResultsThe CE patient group had a lower level of ChE, lower estimated glomerular filtration rate (eGFR) and lower late sHMR than those in the non-CE patient group. A five-parameter model with the addition of serum ChE selected in the multivariate logistic analysis (model 2) significantly increased the AUC predicting risk of cardiac events compared with a four-parameter model without serum ChE (model 1), and net reclassification analysis also suggested that the model with the addition of serum cholinesterase significantly improved cardiac event prediction. Moreover, in overall multivariate Cox hazard analysis, serum ChE, eGFR and late sHMR were identified to be significant prognostic determinants. HF patients with two or all of the prognostic variables of serum ChE < 230 U/L, eGFR < 48.8 ml/min/1.73 m2 and late sHMR < 1.90 had significantly and incrementally increased CE rates compared to those in HF patients with none or only one of the prognostic variables.ConclusionDecreases in cholinesterase level and kidney function further increase cardiac mortality risk in HF patients with impairment of cardiac sympathetic innervation
Characteristics of physical activity during beginner-level group tennis lessons and the effect daily activity
Kawakami R., Yamakawa S., Konda S., et al. Characteristics of physical activity during beginner-level group tennis lessons and the effect daily activity. Scientific Reports 14, 249 (2024); https://doi.org/10.1038/s41598-023-46843-0.Tennis is a popular leisure sport, and studies have indicated that playing tennis regularly provides many health benefits. We aimed to clarify the characteristics of physical activity during beginner-level group tennis lessons and daily physical activity of the participants. Physical activity was measured using an accelerometer sensor device for four weeks, including the 80-min duration tennis lessons held twice a week. Valid data were categorized for tennis and non-tennis days. The mean physical activity intensity during the tennis lesson was 3.37 METs. The mean ratio of short-bout rest periods to the tennis lesson time in 90 and 120 s was 7% and 4%, respectively. The mean physical activity intensity was significantly higher (p < 0.0001) and the duration of vigorous-intensity physical activity (VPA) was increased in 76% of participants on days with tennis lessons compared to without tennis lessons. Beginner-level tennis lesson has characteristics of less short-bout rest physical activity than previously reported competitive tennis match and increased the duration of VPA in daily activity compared to without tennis lessons, suggesting that beginner-level tennis lessons contribute physical activity of health benefits
Cardiac sympathetic nerve imaging in patients with heart failure or lethal arrhythmias: risk stratification and assessment of therapeutic interventions
Prognostic value of nutritional parameters in systolic heart failure with renal dysfunction.
Although it is known that assessment and management of the nutritional status of patients are important for treatment of patients with heart failure (HF), there are currently no established indicators. Therefore, we investigated the effects of nutritional parameters as well as conventional parameters on the prognosis of HF patients. A total of 1954 consecutive HF patients with left ventricular ejection fraction (LVEF) less than 50% were enrolled in this study. Transthoracic echocardiography was performed and conventional parameters for HF patients and parameters to assess nutritional status were measured in all patients. Patients were followed up with a primary endpoint of lethal cardiac events (CEs) for 30.2 months. During the follow-up period, cardiac events were documented in 619 HF patients. The CEs group had a lower level of cholinesterase (201.5U/L vs 265.2U/L, P <0.0001), lower estimated GFR (35.2 ml/min/1.73m2 vs 50.3ml/min/1.73m2, P< 0.0001), and lower Geriatric Nutritional Risk Index (GNRI) (91.9 vs 100.0, P< 0.0001) than those in the non-CEs group. Serum cholinesterase, estimated GFR, and GNRI were identified as significant prognostic determinants in multivariate analysis. ROC analyses revealed cut-off values of serum cholinesterase, estimated GFR, and GNRI of 229U/L, 34.2 ml/min/1.73m2, and 95.6, respectively, for identifying high-risk HF patients. HF patients with serum cholinesterase< 229U/L, estimated GFR<34.3 ml/min/1.73m2, and GNRI< 95.6 had a significantly greater rate of CEs than that in the other patients (P<0.0001). Low serum cholinesterase and low GNRI can predict cardiac mortality risk in systolic HF patients with renal dysfunction