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ROUNDUP: Economists for higher retirement ages

Tuesday, 11/02/2021 3:21 PM from

dpa-AFX

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BERLIN (dpa-AFX) – In the middle of the coalition negotiations, economists have spoken out in favor of a higher retirement age. In order to stabilize the statutory pension insurance in the long term, the retirement age should be raised from 2031 and linked to the development of further life expectancy, according to a study presented on Tuesday by the scientific advisory board of the Marktwirtschaft foundation, the Kronberger Kreis. One of its members is the former chairman of the “Wirtschaftsweise”, Lars Feld.


There should be an automatic link between the retirement age and future life expectancy, said Berthold Wigger from the Karlsruhe Institute of Technology. The gradual increase in the retirement age to 67 will not be sufficient for the foreseeable future to compensate for additional burdens due to demographic change. The pressure to reform will increase significantly in the coming years when the so-called baby boomers retire. He did not say exactly how high the entry age should increase.

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