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A New Measure of Intra-generational Redistribution within PAYG Pension Schemes and its Application to German Micro-data

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Listed:
  • Klos, Jonas
  • Krieger, Tim
  • Stöwhase, Sven

Abstract

This paper proposes a new Index for measuring intra-generational redistribution in PAYG pension schemes. This index solely requires information on contributions and pension benefits of retirees, eliminating the involvement of the contribution side in a PAYG pension scheme. As an application, we use contribution records of new German retirees to measure intra-generational redistribution in the German statutory pension scheme and the importance of certain additional benefits.

Suggested Citation

  • Klos, Jonas & Krieger, Tim & Stöwhase, Sven, 2018. "A New Measure of Intra-generational Redistribution within PAYG Pension Schemes and its Application to German Micro-data," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181580, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc18:181580
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    References listed on IDEAS

    as
    1. Stefan Traub & Tim Krieger, 2008. "Back to Bismarck? Shifting Preferences for Intragenerational Redistribution in OECD Pension Systems," LIS Working papers 485, LIS Cross-National Data Center in Luxembourg.
    2. Cremer, Helmuth & Pestieau, Pierre, 2003. "Social insurance competition between Bismarck and Beveridge," Journal of Urban Economics, Elsevier, vol. 54(1), pages 181-196, July.
    3. Axel Borsch‐Supan & Anette Reil‐Held, 2001. "How Much is Transfer and How Much is Insurance in a Pay‐as‐you‐go System? The German Case," Scandinavian Journal of Economics, Wiley Blackwell, vol. 103(3), pages 505-524, September.
    4. Tim Krieger & Stefan Traub, 2013. "The Bismarckian Factor," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(01), pages 64-66, April.
    5. Tim Krieger & Stefan Traub, 2009. "Wie hat sich die intragenerationale Umverteilung in der staatlichen Säule des Rentensystems verändert? Ein internationaler Vergleich auf Basis von LIS-Daten," Working Papers CIE 24, Paderborn University, CIE Center for International Economics.
    6. J. Ignacio Conde-Ruiz & Paola Profeta, 2007. "The Redistributive Design of Social Security Systems," Economic Journal, Royal Economic Society, vol. 117(520), pages 686-712, April.
    7. Axel Boersch-Supan & Christina B. Wilke, 2004. "The German Public Pension System: How it Was, How it Will Be," NBER Working Papers 10525, National Bureau of Economic Research, Inc.
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    10. Krieger Tim & Stöwhase Sven, 2009. "Diskretionäre rentenpolitische Maßnahmen und die Entwicklung des Rentenwerts in Deutschland von 2003–2008," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 58(1), pages 36-54, April.
    11. Suits, Daniel B, 1977. "Measurement of Tax Progressivity," American Economic Review, American Economic Association, vol. 67(4), pages 747-752, September.
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    More about this item

    Keywords

    PAYG pension systems; intra-generational redistribution; Beveridge vs. Bismarck; index; microdata; Germany;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis

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