Work

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

Year: 2025

Type: article

Abstract: In most OECD countries, pension reform policy has decreased the level of intra generational 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.

Source: Journal of Economic Behavior & Organization

DOI: 10.1016/j.jebo.2025.107149

Authors: Tim Krieger, Christine Meemann, Stefan Traub

Institutions: University of Freiburg, Helmut Schmidt University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Reduced inequalities, No poverty

Open Access status: hybrid

Estimated APC paid: $3,180