Does retirement affect cognitive functioning

E.D.M. Bonsang; S. Adam; S. Perelman

doi:10.1016/j.jhealeco.2012.03.005

Does retirement affect cognitive functioning

E.D.M. Bonsang^*, S. Adam, S. Perelman

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

This paper analyses the effect of retirement on cognitive functioning using a longitudinal survey among older Americans, which allows controlling for individual heterogeneity and endogeneity of the retirement decision by using the eligibility age for social security as an instrument. The results highlight a significant negative effect of retirement on cognitive functioning. Our findings suggest that reforms aimed at promoting labour force participation at an older age may not only ensure the sustainability of social security systems but may also create positive health externalities for older individuals.

Original language	English
Pages (from-to)	490-501
Number of pages	12
Journal	Journal of Health Economics
Volume	31
Issue number	3
DOIs	https://doi.org/10.1016/j.jhealeco.2012.03.005
Publication status	Published - May 2012

Keywords

Ageing
Cognition
Retirement
Social security
Instrumental variable estimation
ALZHEIMERS-DISEASE
EPISODIC MEMORY
OLDER MEN
LIFE-STYLE
DEMENTIA
RESERVE
DECLINE
WORK
IMPAIRMENT
OCCUPATION

Access to Document

10.1016/j.jhealeco.2012.03.005

Cite this

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title = "Does retirement affect cognitive functioning",

abstract = "This paper analyses the effect of retirement on cognitive functioning using a longitudinal survey among older Americans, which allows controlling for individual heterogeneity and endogeneity of the retirement decision by using the eligibility age for social security as an instrument. The results highlight a significant negative effect of retirement on cognitive functioning. Our findings suggest that reforms aimed at promoting labour force participation at an older age may not only ensure the sustainability of social security systems but may also create positive health externalities for older individuals. ",

keywords = "Ageing, Cognition, Retirement, Social security, Instrumental variable estimation, ALZHEIMERS-DISEASE, EPISODIC MEMORY, OLDER MEN, LIFE-STYLE, DEMENTIA, RESERVE, DECLINE, WORK, IMPAIRMENT, OCCUPATION",

author = "E.D.M. Bonsang and S. Adam and S. Perelman",

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AU - Adam, S.

AU - Perelman, S.

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AB - This paper analyses the effect of retirement on cognitive functioning using a longitudinal survey among older Americans, which allows controlling for individual heterogeneity and endogeneity of the retirement decision by using the eligibility age for social security as an instrument. The results highlight a significant negative effect of retirement on cognitive functioning. Our findings suggest that reforms aimed at promoting labour force participation at an older age may not only ensure the sustainability of social security systems but may also create positive health externalities for older individuals.

KW - Ageing

KW - Cognition

KW - Retirement

KW - Social security

KW - Instrumental variable estimation

KW - ALZHEIMERS-DISEASE

KW - EPISODIC MEMORY

KW - OLDER MEN

KW - LIFE-STYLE

KW - DEMENTIA

KW - RESERVE

KW - DECLINE

KW - WORK

KW - IMPAIRMENT

KW - OCCUPATION

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DO - 10.1016/j.jhealeco.2012.03.005

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EP - 501

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JF - Journal of Health Economics

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