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J Health Econ. 2017 Dec;56:113-125. doi: 10.1016/j.jhealeco.2017.09.003. Epub 2017 Sep 23.

Retirement and cognitive decline. A longitudinal analysis using SHARE data.

Author information

1
Department of Economics and Management, University of Padua, Via del Santo 33, 35123 Padua, Italy. Electronic address: martina.celidoni@unipd.it.
2
Department of Economics and Management, University of Padua, Via del Santo 33, 35123 Padua, Italy. Electronic address: chiara.dalbianco@unipd.it.
3
Department of Economics and Management, University of Padua, Via del Santo 33, 35123 Padua, Italy. Electronic address: guglielmo.weber@unipd.it.

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; Instrumental variable estimation; Retirement; SHARE

PMID:
29040897
DOI:
10.1016/j.jhealeco.2017.09.003
[Indexed for MEDLINE]
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