Retirement Age Men in Japan increased to 65 Years in 2025 from 64 Years in 2024. This dataset provides - Japan Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, approximately 96.9 percent of enterprises with retirement age systems in Japan adopted a uniform retirement age system, while 2.1 percent of enterprises determined the retirement age by the occupation type.

Retirement Age Women in Japan increased to 65 Years in 2025 from 64 Years in 2024. This dataset provides - Japan Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, the retirement age of persons who entered the labor force at age 22 in Japan was 65 for both men and women. The Japanese public pension system is a two-tier system, consisting of the basic National Pension and the Employees' Pension Insurance.

This study explores the hypothetical elimination of Japan’s retirement earnings test (ET) for public pensions, focusing on its implications for older workers’ labor supply and pension-claiming behaviors. The ET currently reduces public pension benefits for individuals aged 65 and older if their earnings exceed specified thresholds, potentially discouraging employment in this demographic. Notably, the Japanese ET influences both immediate and future pension benefits, thus diminishing current payouts for working pensioners and foregoing beneficial actuarial adjustments—adjustments based on actuarial calculations that would otherwise increase future benefits to account for delayed pension claims. This dual impact may discourage the labor supply and influence pension-claiming behavior among older workers. Through a survey-based experiment with male workers aged 40–59 years expected to face the ET upon retirement, we assess three reform scenarios as the first study in the literature: (1) eliminating future benefit reductions through actuarial adjustments, thereby enhancing the value of deferred pension claims; (2) removing immediate benefit suspensions to increase current pension payments directly; and (3) a comprehensive reform combining both approaches. Our findings reveal that eliminating reductions through actuarial adjustments increases the intensive margin (labor hours and income) and encourages delayed pension claims. Conversely, removing immediate benefit suspensions influences both the extensive margin (decision to work) and the intensive margin but leads to earlier pension claims. By highlighting the importance of differentiating between immediate and future benefit components in designing ET reforms, this study demonstrates their significant impact on labor supply and pension-claiming decisions.

In the fiscal year 2022, social security benefits accounted for 24.3 percent of the gross domestic product (GDP) of Japan, down from 25.06 percent in the previous year, the highest point in the past four decades. Social security benefits in Japan Social security benefits, consisting of medical care, pension, and welfare and other benefits, amounted to over 137 trillion Japanese yen in the fiscal year 2022. Pension benefits made up the largest category of social benefits available in Japan at around 55.8 trillion yen, followed by medical care benefits. Amid the aging population and shrinking workforce, which will cause a declining number of contributors to support a growing number of retirees in the future, Japan’s public pension system is under pressure and the government has scheduled reforms to the system for 2025. Japan’s public pension system Japan’s public pension system offers universal coverage to all residents since 1961. Like most public pension schemes, it partly finances pension benefits of current retirees with contributions made by current workers as a pay-as-you-go (PAYG) system. The public pension system consists of two pillars; a flat rate basic pension scheme mandatory for every resident aged 20 to 59 (National Pension) and an income-related Employees’ Pension Insurance for employees and public servants.

Japan GA: Exp: General: SS: Pension Benefits data was reported at 11,482.053 JPY bn in 2018. This records an increase from the previous number of 11,311.193 JPY bn for 2017. Japan GA: Exp: General: SS: Pension Benefits data is updated yearly, averaging 11,396.623 JPY bn from Mar 2017 (Median) to 2018, with 2 observations. The data reached an all-time high of 11,482.053 JPY bn in 2018 and a record low of 11,311.193 JPY bn in 2017. Japan GA: Exp: General: SS: Pension Benefits data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.F003: Government Finance: General Account: Expenditure: By Program.

In the fiscal year 2023, the Japanese Government Pension Investment Fund (GPIF) had an investment return rate of ***** percent. With more than *** trillion yen in assets under management in fiscal 2023, the Japanese Government Pension Investment Fund is the world's largest pension fund.

This study explores the hypothetical elimination of Japan’s retirement earnings test (ET) for public pensions, focusing on its implications for older workers’ labor supply and pension-claiming behaviors. The ET currently reduces public pension benefits for individuals aged 65 and older if their earnings exceed specified thresholds, potentially discouraging employment in this demographic. Notably, the Japanese ET influences both immediate and future pension benefits, thus diminishing current payouts for working pensioners and foregoing beneficial actuarial adjustments—adjustments based on actuarial calculations that would otherwise increase future benefits to account for delayed pension claims. This dual impact may discourage the labor supply and influence pension-claiming behavior among older workers. Through a survey-based experiment with male workers aged 40–59 years expected to face the ET upon retirement, we assess three reform scenarios as the first study in the literature: (1) eliminating future benefit reductions through actuarial adjustments, thereby enhancing the value of deferred pension claims; (2) removing immediate benefit suspensions to increase current pension payments directly; and (3) a comprehensive reform combining both approaches. Our findings reveal that eliminating reductions through actuarial adjustments increases the intensive margin (labor hours and income) and encourages delayed pension claims. Conversely, removing immediate benefit suspensions influences both the extensive margin (decision to work) and the intensive margin but leads to earlier pension claims. By highlighting the importance of differentiating between immediate and future benefit components in designing ET reforms, this study demonstrates their significant impact on labor supply and pension-claiming decisions.

This study explores the hypothetical elimination of Japan’s retirement earnings test (ET) for public pensions, focusing on its implications for older workers’ labor supply and pension-claiming behaviors. The ET currently reduces public pension benefits for individuals aged 65 and older if their earnings exceed specified thresholds, potentially discouraging employment in this demographic. Notably, the Japanese ET influences both immediate and future pension benefits, thus diminishing current payouts for working pensioners and foregoing beneficial actuarial adjustments—adjustments based on actuarial calculations that would otherwise increase future benefits to account for delayed pension claims. This dual impact may discourage the labor supply and influence pension-claiming behavior among older workers. Through a survey-based experiment with male workers aged 40–59 years expected to face the ET upon retirement, we assess three reform scenarios as the first study in the literature: (1) eliminating future benefit reductions through actuarial adjustments, thereby enhancing the value of deferred pension claims; (2) removing immediate benefit suspensions to increase current pension payments directly; and (3) a comprehensive reform combining both approaches. Our findings reveal that eliminating reductions through actuarial adjustments increases the intensive margin (labor hours and income) and encourages delayed pension claims. Conversely, removing immediate benefit suspensions influences both the extensive margin (decision to work) and the intensive margin but leads to earlier pension claims. By highlighting the importance of differentiating between immediate and future benefit components in designing ET reforms, this study demonstrates their significant impact on labor supply and pension-claiming decisions.

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Retirement Communities Market Size 2025-2029

The retirement communities market size is forecast to increase by USD 47.4 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the rising life expectancy and the resulting demand for specialized living arrangements for the aging population. This demographic shift presents favorable business opportunities for real estate developers, particularly those who can offer innovative and high-quality solutions tailored to the unique needs of seniors. Regulatory compliance is paramount, with licensure requirements and accreditation standards ensuring quality healthcare services, such as geriatric care, skilled nursing, rehabilitation, and hospice care. However, the market also faces challenges, including the need to provide proper healthcare solutions and addressing the diverse requirements of an aging population with varying health conditions and income levels.
Effectively navigating these challenges and capitalizing on the opportunities requires a deep understanding of the evolving needs and preferences of the senior demographic, as well as the ability to offer flexible and comprehensive solutions that address their physical, emotional, and social needs. Companies that can successfully meet these demands will be well-positioned to thrive in this dynamic market. Outright purchases, leases or rentals, and hybrid models are all viable options for seniors, depending on their financial situation and lifestyle preferences. Senior living marketing strategies are focussing on addressing the demands and touch points of prospects.

What will be the Size of the Retirement Communities Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses a range of senior housing options, including life care communities, assisted living facilities, and active adult communities. Security measures, emergency response systems, and memory care units cater to the unique needs of the aging population, particularly those with Alzheimer's disease. Capital expenditures for housing options, staffing ratios, and caregiver training programs are essential for maintaining resident satisfaction. Financial planning services, estate planning, and long-term care insurance are crucial for managing the financial aspects of retirement living.
Housing options span from independent living facilities to age-restricted communities, catering to various needs and preferences. Attractive financing options, availability of land, and various models, including outright purchases, leases or rentals, hybrid models, and senior living facilities, cater to diverse lifestyle preferences and budgets. Wellness centers, community resources, and transportation services contribute to the overall quality of life. Optometry, pharmaceutical, and palliative care programs further enhance the comprehensive range of services offered. Turnover rates in retirement communities remain a significant consideration, with ongoing staff training and Medicare and Medicaid coverage playing crucial roles in addressing workforce challenges. Fire safety systems and certification programs ensure the safety and security of residents.

How is this Retirement Communities Industry segmented?

The retirement communities industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Assisted living facilities
  Continuing care retirement communities
  Rest homes


Application

  Elderly people
  Disabled people


Gender

  Female
  Male


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The assisted living facilities segment is estimated to witness significant growth during the forecast period. Assisted living communities within the retirement market cater to seniors who necessitate aid with activities of daily living but do not warrant continuous medical supervision. These facilities provide essential services such as meal preparation, housekeeping, medication management, and personal care assistance to uphold residents' autonomy and enhance their living experience. Assisted living residences are meticulously designed to emulate a homelike atmosphere, featuring private or semi-private living quarters and communal spaces for social interaction and recreational activities. Many establishments offer additional amenities, including fitness centers, libraries, beauty salons, and transportation services, to encourage residents' physical and mental w

's Payment rate of national pension premium is 49.1% which is the 47th highest in Japan (by Prefecture). Transition Graphs and Comparison chart between Okinawa and Kagoshima(Kagoshima) and Shiga(Shiga)(Closest Prefecture in Population) are available. Various data can be downloaded and output in csv format for use in EXCEL free of charge.

Japan ID: Flow: SB: Pension Funded Social Benefits data was reported at 1,881.800 JPY bn in Mar 2015. This stayed constant from the previous number of 1,881.800 JPY bn for Dec 2014. Japan ID: Flow: SB: Pension Funded Social Benefits data is updated quarterly, averaging 1,434.000 JPY bn from Mar 1994 (Median) to Mar 2015, with 85 observations. The data reached an all-time high of 1,881.800 JPY bn in Mar 2015 and a record low of 593.600 JPY bn in Mar 1994. Japan ID: Flow: SB: Pension Funded Social Benefits data remains active status in CEIC and is reported by Economic and Social Research Institute. The data is categorized under Global Database’s Japan – Table JP.A087: SNA 93: Benchmark Year=2005: Income & Outlay Accounts: By Institution: Income Acc Secondary Distribution (ID).

Japan HH: SBR: Other Social Insurance Non-Pension Benefits data was reported at 334,823.000 JPY mn in 2023. This records a decrease from the previous number of 342,271.000 JPY mn for 2022. Japan HH: SBR: Other Social Insurance Non-Pension Benefits data is updated yearly, averaging 354,185.500 JPY mn from Mar 2012 (Median) to 2023, with 12 observations. The data reached an all-time high of 411,984.000 JPY mn in 2013 and a record low of 330,735.000 JPY mn in 2018. Japan HH: SBR: Other Social Insurance Non-Pension Benefits data remains active status in CEIC and is reported by Statistics of Tokyo. The data is categorized under Global Database’s Japan – Table JP.A110: SNA 2008: Benchmark year=2015: TM: Income and Outlay Accounts classified by Institutional Sectors.

Elderly Care Services Market Outlook

The global elderly care services market size was estimated at USD 1.2 trillion in 2023 and is projected to reach USD 2.5 trillion by 2032, growing at a CAGR of 8.5% during the forecast period. The growth of this market is primarily driven by the increasing aging population worldwide, rising chronic diseases, and the growing need for professional healthcare services for the elderly.

One of the primary growth factors in the elderly care services market is the demographic shift toward an aging population. According to the World Health Organization (WHO), the global population aged 60 years and older is expected to reach 2 billion by 2050, up from 900 million in 2015. This aging demographic is creating a significant demand for various elderly care services, including home care, adult day care, and institutional care. Moreover, with advancements in healthcare technology and better living standards, life expectancy is increasing, further necessitating the need for comprehensive elderly care services.

Another critical factor driving market growth is the rising incidence of chronic diseases among the elderly. Conditions such as diabetes, cardiovascular diseases, and arthritis are more prevalent among older adults, requiring continuous medical attention and care. The management of these chronic conditions often involves regular monitoring, medication management, and assistance with daily activities, which in turn fuels the demand for specialized elderly care services. Additionally, the growing awareness about the importance of mental health in old age is leading to the adoption of services that address cognitive health and dementia care.

The integration of technology in elderly care services is also a significant growth driver. Telehealth, remote patient monitoring, and mobile health apps are revolutionizing how elderly care is delivered. These technological advancements not only improve the quality of care but also make it more accessible and cost-effective. For instance, telehealth enables caregivers to monitor patients remotely, reducing the need for frequent hospital visits and allowing seniors to receive care in the comfort of their homes. Similarly, mobile health apps can help track medication schedules, appoint reminders, and provide health tips, enhancing the overall well-being of the elderly.

Regionally, the elderly care services market is witnessing robust growth across various geographies. North America leads the market owing to its advanced healthcare infrastructure, high disposable income, and a large aging population. Europe follows closely, driven by strong government support and well-established elderly care programs. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributed to rapid urbanization, increasing life expectancy, and growing awareness about elderly care services. Countries like Japan and China are at the forefront in this region, with significant investments in elderly care facilities and services. Latin America and the Middle East & Africa are also showing promising growth, albeit at a slower pace compared to other regions.

Retirement Communities are becoming increasingly popular as a preferred choice for elderly individuals seeking a vibrant and engaging lifestyle. These communities offer a range of amenities and services designed to enhance the quality of life for seniors, including recreational activities, wellness programs, and social events. Residents can enjoy the benefits of independent living while having access to support and care services as needed. The sense of community and belonging in these settings is a significant draw for many seniors, providing opportunities for social interaction and the development of meaningful relationships. As the aging population continues to grow, retirement communities are expected to play a crucial role in meeting the diverse needs and preferences of older adults.

Service Type Analysis

The elderly care services market is segmented into three primary service types: home care, adult day care, and institutional care. Home care services encompass a range of services provided in the patient's home, including medical care, personal care, and companionship. These services are highly preferred due to the comfort and familiarity of the home environment. Many elderly individuals and their families opt for home care to avoid the stress and disruption of moving to a new living arrangement. The inc

As of March 2024, assets in corporate-type defined contribution pension plans of participants aged 50 to 59 years old in Japan amounted to approximately 11.1 trillion Japanese yen. Assets in corporate-type defined contribution pension plans increased to around 22.8 trillion yen in 2024.

In the fiscal year 2023, insured persons covered by the public pension system in Japan accounted for 54.4 percent of the population. The Japanese public pension system is a two-tier system, consisting of the basic National Pension and the Employees' Pension Insurance.

Japan TMG: SBP: Other Social Insurance Non-Pension Benefits data was reported at 95,684.000 JPY mn in 2019. This records an increase from the previous number of 92,969.000 JPY mn for 2018. Japan TMG: SBP: Other Social Insurance Non-Pension Benefits data is updated yearly, averaging 144,575.000 JPY mn from Mar 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 188,781.000 JPY mn in 2008 and a record low of 92,969.000 JPY mn in 2018. Japan TMG: SBP: Other Social Insurance Non-Pension Benefits data remains active status in CEIC and is reported by Statistics of Tokyo. The data is categorized under Global Database’s Japan – Table JP.A139: SNA 2008: Benchmark year=2011: TM: Income & Outlay Accounts Classified by Sub-Sectors of General Government.

Japan LSSF: SBP: Other Social Insurance Non-Pension Benefits data was reported at 240.000 JPY mn in 2019. This records an increase from the previous number of 110.000 JPY mn for 2018. Japan LSSF: SBP: Other Social Insurance Non-Pension Benefits data is updated yearly, averaging 368.000 JPY mn from Mar 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 572.000 JPY mn in 2011 and a record low of 110.000 JPY mn in 2018. Japan LSSF: SBP: Other Social Insurance Non-Pension Benefits data remains active status in CEIC and is reported by Statistics of Tokyo. The data is categorized under Global Database’s Japan – Table JP.A139: SNA 2008: Benchmark year=2011: TM: Income & Outlay Accounts Classified by Sub-Sectors of General Government.

Japan GG: SBP: Other Social Insurance Non-Pension Benefits data was reported at 150,459.000 JPY mn in 2023. This records an increase from the previous number of 145,937.000 JPY mn for 2022. Japan GG: SBP: Other Social Insurance Non-Pension Benefits data is updated yearly, averaging 162,991.000 JPY mn from Mar 2012 (Median) to 2023, with 12 observations. The data reached an all-time high of 230,727.000 JPY mn in 2012 and a record low of 145,483.000 JPY mn in 2021. Japan GG: SBP: Other Social Insurance Non-Pension Benefits data remains active status in CEIC and is reported by Statistics of Tokyo. The data is categorized under Global Database’s Japan – Table JP.A110: SNA 2008: Benchmark year=2015: TM: Income and Outlay Accounts classified by Institutional Sectors.