Titre
The effect of retirement on cognitive functioning
Type
article
Institution
UNIL/CHUV/Unisanté + institutions partenaires
Périodique
Auteur(s)
Coe, N.B.
Auteure/Auteur
von Gaudecker, H.M.
Auteure/Auteur
Lindeboom, M.
Auteure/Auteur
Maurer, J.
Auteure/Auteur
Liens vers les personnes
Liens vers les unités
ISSN
1099-1050
Statut éditorial
Publié
Date de publication
2012
Volume
21
Numéro
8
Première page
913
Dernière page/numéro d’article
927
Peer-reviewed
Oui
Langue
anglais
Notes
Publication types: Journal Article Publication Status: ppublish
Résumé
Cognitive impairment has emerged as a major driver of disability in old age, with profound effects on individual well-being and decision making at older ages. In the light of policies aimed at postponing retirement ages, an important question is whether continued labour supply helps to maintain high levels of cognition at older ages. We use data of older men from the US Health and Retirement Study to estimate the effect of continued labour market participation at older ages on later-life cognition. As retirement itself is likely to depend on cognitive functioning and may thus be endogenous, we use offers of early retirement windows as instruments for retirement in econometric models for later-life cognitive functioning. These offers of early retirement are legally required to be nondiscriminatory and thus, inter alia, unrelated to cognitive functioning. At the same time, these offers of early retirement options are significant predictors of retirement. Although the simple ordinary least squares estimates show a negative relationship between retirement duration and various measures of cognitive functioning, instrumental variable estimates suggest that these associations may not be causal effects. Specifically, we find no clear relationship between retirement duration and later-life cognition for white-collar workers and, if anything, a positive relationship for blue-collar workers.
PID Serval
serval:BIB_26D4A47AC975
PMID
Date de création
2012-07-29T13:04:22.623Z
Date de création dans IRIS
2025-05-20T14:58:05Z