This book provides an up-to-date summary of the consequences of demographic aging for labor markets, financial markets, economic growth, social security schemes and public finances in Germany, essentially reflecting the present state of knowledge in any of these areas. Compared to other industrialized countries, Germany offers an important example as the country is hit particularly strongly by demographic aging, a process that will become acute over the next three to five decades. The reasons for this as well as the implications for German public policies are also discussed in the book. All contributions are written by leading experts in their fields and are based on results that emerge at the forefront of current research. They are presented in a way that is meant to be accessible not only for specialized scholars, but for interested readers with a non-technical background as well.