Artikel
Measuring intra-generational redistribution in PAYG pension schemes
Voters in ageing societies expect pension reforms to be both inter-generationally and intra-generationally fair. In this paper, we propose a global measure of intra-generational redistribution in pay-as-you-go pension schemes as a basis for voters' evaluations of reforms. Our novel index only requires information on contributions by and pension benefits paid to retirees, enabling us to measure intra-generational redistribution isolated from possible inter-generational redistribution. We rely on the contribution records of approximately 100,000 Germans, who progressed into retirement in 2007–2015, to measure the level of intra-generational redistribution in the German statutory pension scheme (GRV). A recent reform of the childcare benefit provision, which became effective in 2014, confirms the predictions of our index. The reform introduced additional benefits for a substantial subgroup of German mothers, owing to which the index value for women, but not for men, jumps up. Our findings suggests that GRV fulfills the ideal of a Bismarckian pension system without intra-generational redistribution for men, while women benefit significantly from intra-generational redistribution.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Public Choice ; ISSN: 1573-7101 ; Volume: 190 ; Year: 2021 ; Issue: 1-2 ; Pages: 53-73 ; New York, NY: Springer US
- Klassifikation
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Wirtschaft
Social Security and Public Pensions
Personal Income, Wealth, and Their Distributions
Large Data Sets: Modeling and Analysis
- Thema
-
PAYG pension systems
Political support for reform
Intra-generational redistribution
Beveridge versus Bismarck
Index
Micro-data
Germany
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Klos, Jonas
Krieger, Tim
Stöwhase, Sven
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer US
- (wo)
-
New York, NY
- (wann)
-
2021
- DOI
-
doi:10.1007/s11127-021-00914-w
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Klos, Jonas
- Krieger, Tim
- Stöwhase, Sven
- Springer US
Entstanden
- 2021
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