It depends on your country. In the UK it is 17. You can fly before that as a co-pilot or for lessons but you cannot hold a PPL until 17.
And it also depends on the type of licence. I don't know about the UK or USA, but in Germany it is 21 for the ATPL, 18 for the CPL and obviously also 17 for the PPL like in the UK. But I think it is the standard ages for all ICAO contracting states ([ame="http://en.wikipedia.org/wiki/International_Civil_Aviation_Organization"]International Civil Aviation Organization - Wikipedia, the free encyclopedia[/ame])
Wrong.
you'd still need multi-engine and IFR ratings to fly a 707.
...which can be all extensions of your PPL. You don't need a CPL or ATPL to get multi-engine and IFR ratings and type ratings to fly a 707 or even 747 (Travolta also has got a type rating for the 747 as well). If you have got the money, you can do type ratings of your choice just to extend your PPL. It just does not make sense as soon as you want to work as a commercial pilot. In that case a CPL or ATPL is impassable, or the latest type of licence which Air Berlin pilots in Germany get: MPL - Multi Crew Pilot Licence, which does not include a PPL or CPL anymore.