address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment … public pension system. We calculate that, in the case of Germany, the fiscal consequences of the 6.4 year increase in age 65 …

work capacity as a key determinant of employment. Using cohort mortality information as a proxy for overall health outcomes …We explore the link between health indicators and employment rates of the population aged 55 or more. Our focus lies on …

.7% increase) for males and 1.9 years (17.8%) for females, based on the 2005 employment- mortality relationship. With the Cutler …) with established methods. Data were obtained from the mortality registry as well as national health, aging, labor force …