Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/215692
Authors: 
Klos, Jonas
Krieger, Tim
Stöwhase, Sven
Year of Publication: 
2020
Series/Report no.: 
Diskussionsbeiträge 2020-01
Abstract: 
In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension schemes. Our index solely requires information on contributions and pension benefits of retirees, enabling us to measure intra-generational redistribution isolated from possible inter-generational redistribution. We use contribution records of approx. 100,000 German individuals, 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 childcare benefit provision, which became effective in 2014, confirms the predictions of our index. The reform introduced additional benefits for a subgroup of substantial size of German mothers, due to which the index value for women, but not for men jumps up. Our findings suggests that GRV fulfils the ideal of a Bismarckian pension system without intra-generational redistribution for men, while women benefit from intra-generational redistribution.
Subjects: 
PAYG pension systems
intra-generational redistribution
Beveridge vs. Bismarck
index
microdata
Germany
JEL: 
H55
D31
C55
Document Type: 
Working Paper

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