Cognition and Economic Outcomes in the Health and Retirement Survey
Dimensions 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.
|Date of creation:||Aug 2009|
|Date of revision:|
|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|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James Banks & Zoe Oldfield, 2007.
"Understanding Pensions: Cognitive Function, Numerical Ability and Retirement Saving,"
Institute for Fiscal Studies, vol. 28(2), pages 143-170, 06.
- James Banks & Zoë Oldfield, 2006. "Understanding pensions: cognitive function, numerical ability and retirement saving," IFS Working Papers W06/05, Institute for Fiscal Studies.
- James Heckman & Pedro Carneiro & Flavio Cunha, 2004.
"The Technology of Skill Formation,"
2004 Meeting Papers
681, Society for Economic Dynamics.
- Adeline Delavande & Susann Rohwedder & Robert Willis, 2008. "Preparation for Retirement, Financial Literacy and Cognitive Resources," Working Papers wp190, University of Michigan, Michigan Retirement Research Center.
- repec:cup:cbooks:9780521873161 is not listed on IDEAS
- Daniel J. Benjamin & Sebastian A. Brown & Jesse M. Shapiro, 2013.
"Who Is ‘Behavioral’? Cognitive Ability And Anomalous Preferences,"
Journal of the European Economic Association,
European Economic Association, vol. 11(6), pages 1231-1255, December.
- Daniel J. Benjamin & Sebastian A. Brown & Jesse M. Shapiro, 2006. "Who is “Behavioral”? Cognitive Ability and Anomalous Preferences," Levine's Working Paper Archive 122247000000001334, David K. Levine.
- F. Thomas Juster & James P. Smith, 2004. "Improving the Quality of Economic Data: Lessons from the HRS and AHEAD," Labor and Demography 0402010, EconWPA.
- Smith, J-P, 1997.
"Inheritances and Bequests,"
97-04, RAND - Labor and Population Program.
- Smith, J.P., 1996.
"Racial and Ethnic Differences in Wealth in the Health and Retirement Study,"
96-12, RAND - Reprint Series.
- James P. Smith, 2004. "Racial and Ethnic Differences in Wealth in the Health and Retirement Study," Labor and Demography 0408011, EconWPA.
- Juster, F. Thomas & Smith, James P. & Stafford, Frank, 1999.
"The measurement and structure of household wealth,"
Elsevier, vol. 6(2), pages 253-275, June.
- Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75, pages 352.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:15266. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.