In the policy debate, there are regular demands to further increase the retirement age to address the financial … dorsopathies). The results show that increasing the retirement age further should be accompanied by preventive health and education …

In 2007 Germany has introduced a pension reform which increases the normal retirement age from currently age 65 to 67 … effective retirement age by about one year and redistribute towards future cohorts. However, it hardly reduces old-age poverty … since rich people are more flexible in adjusting retirement. Overall, the efficiency gains of the reform are very modest …