Germany, as most other European countries, has been plagued by a persistently high level of long-term unemployment since the early 1980's. In contrast, long-term unemployment is much less of a problem in the United States. One potential reason for the different structure of unemployment relates...

The paper describes labor market developments for older workers in Germany in recent years. It provides a a summary of the main changes in labor market and pension policies in Germany which might have contributed to these developments. The main part of the paper offers, on the basis of micro...