To ensure the sustainability of public pension finances in light of the increase in life-expectancy Germany as well as other OECD countries have decided to raise the statutory retirement age. Against this background, this paper presents the main trends of the development of pensionable ages in...

The aftermath of the economic crisis and the burden of the fiscal stimulus packages call for considerable consolidation efforts by federal and state governments to meet the goal of a structurally balanced budget as required by the German debt brake in the medium-run. However, the real challenge...