Retirement and cognitive decline. A longitudinal analysis using SHARE data

Martina Celidoni, Chiara Dal Bianco () and Guglielmo Weber

Journal of Health Economics, 2017, vol. 56, issue C, 113-125

Abstract: We show that a new measure of cognitive decline, that can be computed in longitudinal surveys where respondents perform the same recall memory tests over the years, is highly predictive of the onset of dementia. Using SHARE data, we investigate the way retirement affects cognitive decline over time controlling for age, education and other confounding factors. We find that retirement has a long-term detrimental effect on cognition for individuals who retire at the statutory eligibility age. It plays instead a protective role for those who retire on an early retirement scheme.

Keywords: Ageing; Cognition; Retirement; Instrumental variable estimation; SHARE (search for similar items in EconPapers)
JEL-codes: I1 I12 J1 J24 J26 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (59)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhecon:v:56:y:2017:i:c:p:113-125

DOI: 10.1016/j.jhealeco.2017.09.003

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