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Back to Bismarck? Shifting Preferences for Intragenerational Redistribution in OECD Pension Systems Author info | Abstract | Publisher info | Download info | Related research | Statistics Tim Krieger () (University of Paderborn)
Stefan Traub () (University of Bremen)
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Using a sample of 20 OECD countries it is shown that the majority of countries decreased the level of intragenerational redistribution in the first pillar of their pension systems, though the evidence is weak in statistical terms. We find strong correlations between changes of the so-called Bismarckian factor and changes of the generosity of the pension system, the shape of the income distribution in terms of its first three central moments and life expectancy. An economic laboratory experiment confirms that these variables could have been causal for the observed change.
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Paper provided by University of Paderborn, CIE Center for International Economics in its series Working Papers with number
13.
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Length: 53 pages
Date of creation: Jun 2008Date of revision:
Handle: RePEc:pdn:wpaper:13Contact details of provider: Web page: http://www.uni-paderborn.de/fakultaeten/wiwi/department4/cie/ More information through EDIRC
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Keywords: earnings-related and flat-rate benefits Beveridge vs. Bismarck pension reform relative deprivation OECD countries experiments Find related papers by JEL classification: H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
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