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

Jonas Klos, Tim Krieger and Sven Stöwhase

VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy from Verein für Socialpolitik / German Economic Association

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.

Keywords: PAYG pension systems; intra-generational redistribution; Beveridge vs. Bismarck; index; microdata; Germany (search for similar items in EconPapers)
JEL-codes: C55 D31 H55 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-age and nep-eur
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc18:181580

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