Early retirement and cognitive decline. A longitudinal analysis using SHARE data
AbstractWe use a new measure of cognitive decline that is highly predictive of the onset of dementia and can be computed in standard surveys where recall memory tests are administered to the same individuals over the years. Using SHARE data, we investigate the association between cognitive decline and years in retirement controlling for age, physical health, early life conditions and socio-economic status. We find a positive association and an even stronger causal effect. The evidence we produce confirms the Ômental retirementÕ hypothesis and suggests its relevance for the onset of dementia.
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Bibliographic InfoPaper provided by Dipartimento di Scienze Economiche "Marco Fanno" in its series "Marco Fanno" Working Papers with number 0174.
Length: 38 pages
Date of creation: Dec 2013
Date of revision:
Ageing; cognition; retirement; instrumental variable estimation. Classification-JEL: I12; I1; J26.;
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- est - - - - - -
- Cla - Mathematical and Quantitative Methods - - - - -
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- I1 - Health, Education, and Welfare - - Health
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-AGE-2014-06-28 (Economics of Ageing)
- NEP-ALL-2014-06-28 (All new papers)
- NEP-DEM-2014-06-28 (Demographic Economics)
- NEP-EUR-2014-06-28 (Microeconomic European Issues)
- NEP-NEU-2014-06-28 (Neuroeconomics)
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