The effect of retirement on elderly cognitive functioning.
Ageing
Cognitive functioning
Retirement
Journal
Journal of health economics
ISSN: 1879-1646
Titre abrégé: J Health Econ
Pays: Netherlands
ID NLM: 8410622
Informations de publication
Date de publication:
07 2019
07 2019
Historique:
received:
21
08
2018
revised:
09
03
2019
accepted:
25
04
2019
pubmed:
21
5
2019
medline:
17
9
2020
entrez:
21
5
2019
Statut:
ppublish
Résumé
Cognitive functioning exhibits a clear lifecycle pattern with a general deterioration over older ages. This article estimates the short-term effect of retirement on cognitive performance of elderly Australians by exploiting the exogenous variation in retirement decisions induced by changes in social security eligibility rules. The empirical results show that on average retirement has a negative but modest effect on cognition, and the rate of cognitive decline with age is greater for men than women. The results for women display no significant effects on working memory and speed of information processing. The article further adds to the literature by providing evidence on the possible mechanisms through which retirement could affect individual's cognitive performance. We find that moving into retirement leads women to increase the time spent in mental and household activities, which may in part explain the modest effect we observe for women.
Identifiants
pubmed: 31108435
pii: S0167-6296(18)30745-8
doi: 10.1016/j.jhealeco.2019.04.006
pii:
doi:
Types de publication
Journal Article
Research Support, Non-U.S. Gov't
Langues
eng
Pagination
37-53Informations de copyright
Copyright © 2019 Elsevier B.V. All rights reserved.