Effects of Aging on Education and Welfare Expenditures in Japan

Kimiko Terai; Amihai Glazer; Naomi Miyazato

doi:10.1007/978-981-16-5536-4_3

Effects of Aging on Education and Welfare Expenditures in Japan

Kimiko Terai, Amihai Glazer, Naomi Miyazato

Faculty of Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

Investment in education is a public expenditure that provides long-term benefits, such as infrastructure investment. The impact of population aging on education spending theoretically has both positive and negative effects. This chapter analyzes the impact of population aging on education spending using Japanese prefectural data. Unlike infrastructure-related and education investments, spending on welfare has no long-term benefits. Thus, as the population ages, the elderly might likely favor increased expenditures on social welfare and elderly welfare, leading to an increase in these expenditures. We use Japanese prefectural data to analyze the impact of aging on expenditure on social welfare and elderly welfare, besides education expenditures. Furthermore, we empirically analyze public assistance expenditures that are unlikely to offer long-term benefits, such as social welfare and welfare expenditures for the elderly.

Original language	English
Title of host publication	Advances in Japanese Business and Economics
Publisher	Springer Japan
Pages	33-48
Number of pages	16
DOIs	https://doi.org/10.1007/978-981-16-5536-4_3
Publication status	Published - 2021

Publication series

Name	Advances in Japanese Business and Economics
Volume	30
ISSN (Print)	2197-8859
ISSN (Electronic)	2197-8867

ASJC Scopus subject areas

Business and International Management
Finance
Economics and Econometrics
Strategy and Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/978-981-16-5536-4_3

Cite this

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title = "Effects of Aging on Education and Welfare Expenditures in Japan",

abstract = "Investment in education is a public expenditure that provides long-term benefits, such as infrastructure investment. The impact of population aging on education spending theoretically has both positive and negative effects. This chapter analyzes the impact of population aging on education spending using Japanese prefectural data. Unlike infrastructure-related and education investments, spending on welfare has no long-term benefits. Thus, as the population ages, the elderly might likely favor increased expenditures on social welfare and elderly welfare, leading to an increase in these expenditures. We use Japanese prefectural data to analyze the impact of aging on expenditure on social welfare and elderly welfare, besides education expenditures. Furthermore, we empirically analyze public assistance expenditures that are unlikely to offer long-term benefits, such as social welfare and welfare expenditures for the elderly.",

author = "Kimiko Terai and Amihai Glazer and Naomi Miyazato",

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year = "2021",

doi = "10.1007/978-981-16-5536-4_3",

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T1 - Effects of Aging on Education and Welfare Expenditures in Japan

AU - Terai, Kimiko

AU - Glazer, Amihai

AU - Miyazato, Naomi

PY - 2021

Y1 - 2021

N2 - Investment in education is a public expenditure that provides long-term benefits, such as infrastructure investment. The impact of population aging on education spending theoretically has both positive and negative effects. This chapter analyzes the impact of population aging on education spending using Japanese prefectural data. Unlike infrastructure-related and education investments, spending on welfare has no long-term benefits. Thus, as the population ages, the elderly might likely favor increased expenditures on social welfare and elderly welfare, leading to an increase in these expenditures. We use Japanese prefectural data to analyze the impact of aging on expenditure on social welfare and elderly welfare, besides education expenditures. Furthermore, we empirically analyze public assistance expenditures that are unlikely to offer long-term benefits, such as social welfare and welfare expenditures for the elderly.

AB - Investment in education is a public expenditure that provides long-term benefits, such as infrastructure investment. The impact of population aging on education spending theoretically has both positive and negative effects. This chapter analyzes the impact of population aging on education spending using Japanese prefectural data. Unlike infrastructure-related and education investments, spending on welfare has no long-term benefits. Thus, as the population ages, the elderly might likely favor increased expenditures on social welfare and elderly welfare, leading to an increase in these expenditures. We use Japanese prefectural data to analyze the impact of aging on expenditure on social welfare and elderly welfare, besides education expenditures. Furthermore, we empirically analyze public assistance expenditures that are unlikely to offer long-term benefits, such as social welfare and welfare expenditures for the elderly.

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M3 - Chapter

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EP - 48

BT - Advances in Japanese Business and Economics

PB - Springer Japan

ER -

Effects of Aging on Education and Welfare Expenditures in Japan

Abstract

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UN SDGs

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