Cited by 434Retirement, Disability, and EmploymentFinancial Literacy, Pension, Retirement AnalysisAging and Gerontology Research

Mental retirement

Open access
Rohwedder, Susann, Willis, Robert J·2010·Journal of Economic Perspectives

Abstract

Early retirement appears to have a significant negative impact on the cognitive ability of people in their early 60s that is both quantitatively important and causal. We obtain this finding using cross-nationally comparable survey data from the United States, England, and Europe that allow us to relate cognition and labor force status. We argue that the effect is causal by making use of a substantial body of research showing that variation in pension, tax, and disability policies explain most variation across countries in average retirement rates. (In an informal manner, we are arguing that public policies that affect the age of retirement may be used as instrumental variables to generate cross-country variation in retirement behavior in order to identify the causal effect of retirement on cognition.)

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Research works printed but not linked: 7

  1. Bonsang Eric Adam Stéphane Perelman Sergio Does retirement affect cognitive performance? 2009 Paper presented at SHARE Users Conference Mainz, Germany October 12-13, 2009
  2. Börsch-Supan Axel Wise David Disability: The Effects of Demography, Health, and Disability Insurance Research Findings in the Economics of Aging 2009 University of Chicago Press (forthcoming)
  3. Dickens William T. What Is g? 2007 Paper presented at the 2nd Scheeling Symposium University of Maryland College Park, MD
  4. Gruber Jonathan Wise David A. Social Security and Retirement Around the World 1999 University of Chicago Press Chicago
  5. Herrnstein Richard Murray Charles The Bell Curve: Intelligence and Class Structure in American Life The Free Press New York
  6. Park Denise Gutchess Angela The Cognitive Neuroscience of Aging and Culture Current Directions in Psychological Science 2006 Vol. 15 No. 3 105 108
  7. Salthouse Timothy A. Age Differences in Cognitive Functioning for Work 2008 Presented at conference on “To What Age Should We Expect to Work?” Cold Spring Harbor, N.Y.

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Authors
Rohwedder, S., & Willis, R. J.
Affiliations
  • Tilburg University (NL)
  • University of Michigan (US)
Venue
Journal of Economic Perspectives
Published
2010-02-01
Volume
24
Issue
1
Pages
119-138
ISSN
0895-3309 (ISSN-L)
OpenAlex
W4233822389
Cited by
434
References
17
Citations by year
2026: 15 · 2025: 25 · 2024: 17 · 2023: 28 · 2022: 29 · 2021: 32 · 2020: 40 · 2019: 40 · 2018: 39 · 2017: 32 · 2016: 29 · 2015: 45 · 2014: 19 · 2013: 20 · 2012: 13
FWCI
37.92
Type
journal article
Language
en
Open access
Locations
  • The Journal of Economic Perspectives (publishedVersion)
  • PubMed (publishedVersion)
  • PubMed Central (acceptedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Funders
  • National Institute on Aging (P01AG022481, P01AG008291, P01AG026571)
  • Eunice Kennedy Shriver National Institute of Child Health and Human Development (R24HD041028)
Topics
  • Social Sciences › Demography › Retirement, Disability, and Employment
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Psychology › Neuropsychology and Physiological Psychology › Aging and Gerontology Research
Keywords
retirement, cognitive decline, mental exercise, cognitive ability, older adults, pension policy, endogenous retirement, daily routine, mental stimulation

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