Measuring intra-generational redistribution in PAYG pension schemes
Abstract: 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
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- Extent
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Online-Ressource
- Language
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Englisch
- Notes
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Public choice. - 190 (2022) , 53–73, ISSN: 1573-7101
- Classification
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Wirtschaft
- Keyword
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Umlageverfahren
Rentenversicherung
Umverteilung
Intergenerative Belastungsrechnung
Generationengerechtigkeit
Indexberechnung
:z Geschichte 2007-2015
Deutschland
- Event
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Veröffentlichung
- (where)
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Freiburg
- (who)
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Universität
- (when)
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2021
- Creator
- DOI
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10.1007/s11127-021-00914-w
- URN
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urn:nbn:de:bsz:25-freidok-2211962
- Rights
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
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15.08.2025, 7:37 AM CEST
Data provider
Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Associated
- Klos, Jonas
- Krieger, Tim
- Stöwhase, Sven
- Universität
Time of origin
- 2021
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Measuring Intra-Generational Redistribution in PAYG Pension Schemes
Measuring intra-generational redistribution in PAYG pension schemes
Measuring intra-generational redistribution in PAYG pension schemes
A New Measure of Intra-generational Redistribution within PAYG Pension Schemes and its Application to German Micro-data
Intra-generational externalities and inter-generational transfers
You Better Get Married! Marital Status and Intra-Generational Redistribution of Social Security
Longevity, Retirement and Intra-Generational Equity
Social security and intergenerational redistribution : a generational accounting perspective
Intra-generational Social Mobility and Entrepreneurship in Uruguay
Forced saving, redistribution and nonlinear social security schemes