Back to Bismarck? Shifting Preferences for Intragenerational Redistribution in OECD Pension Systems

53 Pages Posted: 25 Jun 2008

See all articles by Tim Krieger

Tim Krieger

University of Freiburg - Department of Economics

Stefan Traub

University of the German Federal Armed Forces - Department of Economics; University of the German Federal Armed Forces - DFG Research Group 2104

Date Written: June 25, 2008

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.

Keywords: earnings-related and flat-rate benefits, Beveridge vs. Bismarck, pension reform, relative deprivation, OECD countries, experiments

JEL Classification: H55, D71, J18, D63, C92

Suggested Citation

Krieger, Tim and Traub, Stefan, Back to Bismarck? Shifting Preferences for Intragenerational Redistribution in OECD Pension Systems (June 25, 2008). Available at SSRN: https://ssrn.com/abstract=1151175 or http://dx.doi.org/10.2139/ssrn.1151175

Tim Krieger (Contact Author)

University of Freiburg - Department of Economics ( email )

University of Freiburg
Wilhelmstr. 1b
Freiburg, D-79085
Germany

HOME PAGE: http://www.wguth.uni-freiburg.de

Stefan Traub

University of the German Federal Armed Forces - Department of Economics ( email )

Holstenhofweg 85
Hamburg, 22043
Germany

University of the German Federal Armed Forces - DFG Research Group 2104 ( email )

Holstenhofweg 85
Hmaburg, DE 22043
Germany

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
310
Abstract Views
1,243
rank
110,641
PlumX Metrics