期刊
JOURNAL OF HEALTH ECONOMICS
卷 31, 期 3, 页码 490-501出版社
ELSEVIER
DOI: 10.1016/j.jhealeco.2012.03.005
关键词
Ageing; Cognition; Retirement; Social security; Instrumental variable estimation
This paper analyses the effect of retirement on cognitive functioning using a longitudinal survey among older Americans, which allows controlling for individual heterogeneity and endogeneity of the retirement decision by using the eligibility age for social security as an instrument. The results highlight a significant negative effect of retirement on cognitive functioning. Our findings suggest that reforms aimed at promoting labour force participation at an older age may not only ensure the sustainability of social security systems but may also create positive health externalities for older individuals. (C) 2012 Elsevier B.V. All rights reserved.
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