Early retirement and cognitive decline. A longitudinal analysis using SHARE data
Martina Celidoni (),
Chiara Dal Bianco () and
Guglielmo Weber ()
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Martina Celidoni: University of Padova
No 174, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"
We use a new measure of cognitive decline that is highly predictive of the onset of dementia and can be computed in standard surveys where recall memory tests are administered to the same individuals over the years. Using SHARE data, we investigate the association between cognitive decline and years in retirement controlling for age, physical health, early life conditions and socio-economic status. We find a positive association and an even stronger causal effect. The evidence we produce confirms the Ômental retirementÕ hypothesis and suggests its relevance for the onset of dementia.
Keywords: Ageing; cognition; retirement; instrumental variable estimation. (search for similar items in EconPapers)
JEL-codes: I1 I12 J26 (search for similar items in EconPapers)
Pages: 38 pages
New Economics Papers: this item is included in nep-age, nep-dem, nep-eur and nep-neu
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0174
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