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

Stefan Traub () and Tim Krieger

No 485, LIS Working papers from LIS Cross-National Data Center in 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.

Keywords: earnings related and flat rate benefits; Beveridge vs. Bismarck; pension reform; relative deprivation; OECD countries; experiments (search for similar items in EconPapers)
JEL-codes: C92 D63 D71 H55 J18 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2008-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Published in Center for International Economics. Working Paper 2008.06, University of Paderborn, Paderborn, Germany, 2008

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Working Paper: Back to Bismarck? Shifting Preferences for Intragenerational Redistribution in OECD Pension Systems (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:lis:liswps:485

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