In a two-period model with agent heterogeneity we analyze a pension reform toward a stronger link between contributions and benefits (as recently observed in several countries) in a pension system with a Bismarckian and a Beveridgian component. We show that such a policy change reduces the...

In der öffentlichen und politischen Debatte wird Zuwanderung als eine Möglichkeit diskutiert, das Problem der Alterung von Gesellschaften abzumildern. Gleichzeitig lassen sich zum Teil sehr starke Widerstände gegen Zuwanderung feststellen. In den letzten Jahren hat sich auch die Wissenschaft...

We empirically investigate whether the significance of intragenerational redistribution in the public pillar of pension systems in 20 OECD countries has changed systematically since the 1980s and whether international convergence of the degree of intragenerational redistribution in terms of the...

In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension schemes. Our index solely requires information on contributions and pension benefits of retirees, enabling us to measure intra-generational redistribution isolated from possible...