Jessen, Lasse J.; Köhne, Sebastian - 2026 - Original version: October 2023, this version: Januar 2026
efficiency dimension of redistribution via the pension wedge. Moreover, cost- and preference-based channels arising from the … income-lifespan gradient reduce the mechanical value of redistribution. Experimental evidence shows that participants account … for these distributive channels, favoring redistribution toward individuals facing higher retirement costs or valuing …