EconPapers    
Economics at your fingertips  
 

Cognition and Economic Outcomes in the Health and Retirement Survey

John J. McArdle (), James Smith and Robert Willis
Additional contact information
John J. McArdle: University of Southern California

No 4269, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have proven difficult to explain by conventional demographic factors, the amount of bequests they receive or anticipating giving, and the level of economic resources of the household. These may be cognitively demanding decisions at any age but especially so at older ages. This research examines the association of cognitive skills with wealth, wealth growth, and wealth composition for people in their pre and post-retirement years.

Keywords: financial outcomes; cognition (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2009-06
New Economics Papers: this item is included in nep-age and nep-cbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (58)

Published - published in: David A. Wise (ed.), Explorations in the Economics of Aging, Chapter 7, University of Chicago Press, pp. 209-236, 2010

Downloads: (external link)
https://docs.iza.org/dp4269.pdf (application/pdf)

Related works:
Chapter: Cognition and Economic Outcomes in the Health and Retirement Survey (2011) Downloads
Working Paper: Cognition and Economic Outcomes in the Health and Retirement Survey (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp4269

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2025-03-30
Handle: RePEc:iza:izadps:dp4269