Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/95613 
Year of Publication: 
2008
Series/Report no.: 
LIS Working Paper Series No. 485
Publisher: 
Luxembourg Income Study (LIS), Luxembourg
Abstract: 
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.
Subjects: 
earnings-related and flat-rate benefits
Beveridge vs. Bismarck
pension reform
relative deprivation
OECD countries
experiments
JEL: 
H55
D71
J18
D63
C92
Document Type: 
Working Paper

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