ORIGINAL RESEARCH article
Front. Sociol.
Sec. Work, Employment and Organizations
Volume 10 - 2025 | doi: 10.3389/fsoc.2025.1507872
Research on the impact of public pension system on Japanese macroeconomy under the background of deep aging
Provisionally accepted
Zhiheng Chen
Zhen Hu*- Jilin University, Changchun, China
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At present, the aging problem of Japan's population is deepening, and the risks brought by it have a profound impact on the sustainable development of Japan's macro economy. The public pension system, as a critical social security mechanism, plays a pivotal role in economic stability. Therefore, a thorough investigation into the impact of the pension system on the economy holds significant theoretical and practical implications. In this paper, based on economic growth theory and overlapping generations (OLG) models, corresponding models were con-structed to analyze the theoretical effects of the public pension system on Japan's macroeconomy, laying a foundation for future research. Leveraging an enhanced OLG-Cobb-Douglas model and considering Japan's current economic development stage, the study conducted parameter estimation and numerical simulations to assess the impact of the public pension system on macroeconomic development.
Keywords: Profound aging, OLG-Cobb-Douglas model, Public Pension System, Macroeconomy, Sustained and healthy functioning of society
Received: 10 Oct 2024; Accepted: 07 Apr 2025.
Copyright: © 2025 Chen and Hu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Zhen Hu, Jilin University, Changchun, China
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