On the Measurement of Intra-Generational Lifetime Redistribution in Pension Systems

No 55, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: It is known that existing measures of intra-generational (within cohorts) redistribution induced by pension schemes may prove highly misleading in the presence of inter-generational (between cohorts) redistribution. In this paper we show that the Kakwani progressivity index, extended to account for both positive and negative individual tax liabilities, is a non-distorted measure of intra-generational redistribution in pension systems. The relevance of the distortion induced by inter-generational transfers is empirically shown in the comparison between pre- and post-reform Italian pension schemes from 1992 to 2004.

Keywords: Redistribution; progressivity; pension (search for similar items in EconPapers)
JEL-codes: D30 D63 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe
Date: 2006-12

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