Retirement and cognitive development in the Netherlands: Are the retired really inactive?
Andries de Grip,
Arnaud Dupuy (),
Jelle Jolles and
Martin van Boxtel
Economics & Human Biology, 2015, vol. 19, issue C, 157-169
Abstract:
This paper uses longitudinal data to analyze the relation between retirement and cognitive development in the Netherlands. Controlling for individual fixed effects and lagged cognition, we find that retirees face lower declines in their cognitive flexibility than those who remain employed, which appears to be persistent 6 years after retirement. However, the information processing speed of low-educated retirees declines faster. The magnitude of both changes in cognition is such that retirees appear 5–6 years younger in terms of cognitive flexibility, and older in terms of information processing speed. We show that these relationships between retirement and cognitive development cannot be explained by (1) feeling relieved from routine work, (2) changes in mood, (3) changes in lifestyle, and (4) changes in blood pressure. The decline in information processing speed after retirement particularly holds for the low educated. This could increase the social costs of an aging society.
Keywords: Cognitive decline; Labor market activity; Retirement (search for similar items in EconPapers)
JEL-codes: J24 J26 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (14)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ehbiol:v:19:y:2015:i:c:p:157-169
DOI: 10.1016/j.ehb.2015.08.004
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