Abstract
Japanese pension system is operated by pay-as-you-go scheme now. However, the financial stability and the fairness between each generation have become serious problems due to the falling birthrate and the aging population. Generation-based funding scheme that was proposed by Banjo, demonstrates the effectiveness for the above problems using a macro simulation model. On the other hand, lately, in Japan, decentralizations are promoted and role sharing between national and local governments has been reconsidered. In this paper, we propose a regional public pension system with generation-based funding scheme which is adapted to each region, and analyze the possibility and the characteristics of the proposed using a multi-agent simulation model.
