This is the fourth in a series of Japan Center for Economic Research-National Bureau of Economic Research volumes dealing with population aging, economic systems, and economic behavior in the United States and Japan. Following up on earlier work, this volume focuses more intensively on the employment policies in each country, including both general employment practices and more specific fringe benefit systems. Population aging, an older workforce, and the associated explosion in costs in both employer-provided and publicly-supported retirement benefit programs affect every aspect of employment policy. The chapters in this volume take an important step in relating these economic and demographic changes to employment practices and labor market trends in Japan and the United States, as well as to economic vitality and productivity more generally. An overview of the subsequent chapters is presented.
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