I enjoyed reading this paper, particularly so because I was writing a paper on aging and its impacts on the German labor market at the very same time that Jane Little and Robert Triest were developing their paper. Their interesting, broad-based, and thoughtful analysis has a decidedly American...

The extent of the demographic changes in Europe is dramatic and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and especially social security has already received prominent attention, but aging poses many other economic challenges that...