Wie hat sich die intragenerationale Umverteilung in der staatlichen Säule des Rentensystems verändert? Ein internationaler Vergleich auf Basis von LIS-Daten

Paper in German Language - Title and abstract in English are provided: ""Has intragenerational redistribution become less important in pension systems' public pillar? An international comparison based on LIS microdata. We empirically investigate whether the significance of intragenerational redistribution in the public pillar of pension systems in 20 OECD countries has changed systematically since the 1980s and whether international convergence of the degree of intragenerational redistribution in terms of the Bismarckian factor can be observed. Based on microdata from the Luxembourg Income Study, we find both, a trend towards pension systems with a tighter link between individual earnings and benefits, and a convergence of pension systems. The reduced variation of pension systems (sigma convergence) is driven by countries with a high degree of intragenerational redistribution catching up to more traditional Bismarckian countries (beta convergence).