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

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.