well-chosen cap has an additional advantage: it limits the unintended income redistribution from the short-lived to the … cap on the social welfare and the unintended income redistribution. …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security …In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution over the last … three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security …In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution over the last … three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This …

security systems are smaller. We relate the stylized fact to an "efficiency-redistribution" trade-off to be resolved by …

Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole … inequality. Second, we find that this result is driven largely by the lack of redistribution across the middle and upper part of … distribution. Third, in cases where redistribution does occur, we find it is not efficiently targeted: many high income households …

Welfare states redistribute both between individuals (inter-individual redistribution) reducing annual, cross …-sectional inequality and over the lifecycle of an individual (intra-individual redistribution) insuring individuals against income risks in … the long-term. But studies measuring redistribution often focus on a one-year period and the second aspect is neglected …

against income risks. But studies measuring redistribution often focus only on a one-year period. Using German SOEP data from …-individual component. Results show that annual inequality is higher than long-term inequality, but redistribution is also larger annually …. In the long-term, the German welfare state clearly gives priority to insurance over redistribution. This gets even more …

social expenditure and income redistribution. But we do not find a significant positive relationship between private social … expenditures and income inequality or income redistribution. Consequently, changes in the public/private-mix in the provision of …