Heterogeneous Treatment Effect of Retirement on Cognitive Function

Koryu Sato, Haruko Noguchi and Kosuke Inoue
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Koryu Sato: Department of Social Epidemiology, Graduate School of Medicine and School of Public Health, Kyoto University
Kosuke Inoue: the Hakubi Project, Department of Social Epidemiology, Graduate School of Medicine and School of Public Health, Kyoto University

No 2306, Working Papers from Waseda University, Faculty of Political Science and Economics

Abstract: This study used instrumental variable causal forests to explore the heterogeneous treatment effect of retirement on cognitive function using data from 19 countries. We found that, on average, retirees have better cognitive function than workers and that the conditional average treatment effects vary depending on individuals’ characteristics. Policymakers should provide early retirement options in the pension system to allow individuals to decide when to retire. The balance between the social benefits of raising the state pension age and the individual costs of increasing the risk of dementia by delaying retirement should be considered.

JEL-codes: C26 I10 J26 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2023-09
New Economics Papers: this item is included in nep-age, nep-lma and nep-neu
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Persistent link: https://EconPapers.repec.org/RePEc:wap:wpaper:2306

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