Inequality, life expectancy, and the alienation effect: Insights from a real-effort experiment on the intragenerational redistribution puzzle

Tim Krieger, Christine Meemann and Stefan Traub

Journal of Economic Behavior & Organization, 2025, vol. 237, issue C

Abstract: In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution in the public pension system over the last three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This trend has occurred despite heterogeneity in life expectancy linked to socioeconomic status having a regressive impact on outcomes. We propose a model that explains this empirical puzzle through the ‘alienation’ of society from low-income earners and successfully test the model in a real-effort experiment.

Keywords: Inequality; Life expectancy; Risk; Redistribution; Public pension reform; Alienation effect; Experiment (search for similar items in EconPapers)
JEL-codes: D63 D81 H55 I14 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:237:y:2025:i:c:s0167268125002689

DOI: 10.1016/j.jebo.2025.107149

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