Cognition and Economic Outcomes in the Health and Retirement Survey
AbstractDimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have proven difficult to explain by conventional demographic factors, the amount of bequests they receive or anticipating giving, and the level of economic resources of the household. These may be cognitively demanding decisions at any age but especially so at older ages. This research examines the association of cognitive skills with wealth, wealth growth, and wealth composition for people in their pre and post-retirement years.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 15266.
Date of creation: Aug 2009
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Publication status: published as Cognition and Economic Outcomes in the Health and Retirement Survey , John J. McArdle, James P. Smith, Robert Willis. in Explorations in the Economics of Aging , Wise. 2011
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- John J. McArdle & James P. Smith & Robert Willis, 2011. "Cognition and Economic Outcomes in the Health and Retirement Survey," NBER Chapters, in: Explorations in the Economics of Aging, pages 209-233 National Bureau of Economic Research, Inc.
- McArdle, John J. & Smith, James P. & Willis, Robert, 2009. "Cognition and Economic Outcomes in the Health and Retirement Survey," IZA Discussion Papers 4269, Institute for the Study of Labor (IZA).
- J0 - Labor and Demographic Economics - - General
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