Options to Strengthen the Social Safety Net in Japan: Japan
Electronic Access:
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Summary:
Japan’s unemployment rate remains relatively low compared to other OECD countries. However, Japan’s poverty rate among the working-age population is one of the higher ones among OECD countries. The public assistance program in Japan does not provide adequate income support for the working poor and creates inherent work disincentives. In this context, the Earned Income Tax Credit (EITC) warrants consideration to strengthen the social safety net and relieve poverty of the working poor in Japan. This paper provides an overview of the theoretical and practical issues of EITC, aiming to support its potential introduction in Japan.
Series:
Selected Issues Paper No. 2023/033
Subject:
Employment Expenditure Income Income tax systems International organization Labor Monetary policy National accounts Social assistance spending Taxes Wages
Frequency:
Regular
English
Publication Date:
May 18, 2023
ISBN/ISSN:
9798400242380/2958-7875
Stock No:
SIPEA2023033
Format:
Paper
Pages:
16
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