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societies. In the light of policies aimed at postponing retirement ages, an important question is whether retirement has an … the change in cognitive functioning. As retirement and cognitive functioning may be endogenously related, we use … unexpected early retirement window o ers to instrument for retirement behavior. These offers are legally required to be unrelated …
Persistent link: https://www.econbiz.de/10014196946
decision. Second, a cross-national European survey allows identifying the causal effect of retirement on cognition by using the …This paper analyzes the effect of retirement on cognitive functioning using two large scale surveys. First, a … longitudinal survey among older Americans allows controlling for individual heterogeneity and endogeneity of the retirement …
Persistent link: https://www.econbiz.de/10013134874
Objectives: The life course perspective suggests that the retirement process cannot be understood thoroughly without … paying attention to distal life experiences. In empirical studies on predictors of retirement, however, mid-life experiences … often have remained implicit or have been neglected. This study aims to improve our understanding of retirement, by studying …
Persistent link: https://www.econbiz.de/10014189157
We show how the age profile of earnings, retirement rules and retirement behavior are tightly linked through the … paper theoretically rationalizes the links between retirement rules and the wage structures over the life cycle and uses … data on European countries to show how social security taxes, the age profile of earnings, and retirement behavior are …
Persistent link: https://www.econbiz.de/10013122324
Individuals' planned retirement age is affected by a trade-off between financial costs (a feasibility oriented … consideration) and the number of years in retirement (a desirability oriented consideration). Previous research shows that construal … level induced global mindset on planned retirement age. The reason is that as individuals' chronic temporal distance to …
Persistent link: https://www.econbiz.de/10013058484
This study examines the causal effect of being socially active on old age cognition, using harmonized data from 18 … activities severely underestimates the uncertainty about their causal effect on cognition. Finally, our results hold true …
Persistent link: https://www.econbiz.de/10012971314
activities on the job. We investigate the effect of retirement on cognition empirically using cross-nationally comparable surveys … unequivocally proven. Retirement is associated with a large change in a person’s daily routine and environment. In this paper, we … propose two mechanisms how retirement may lead to cognitive decline. For many people retirement leads to a less stimulating …
Persistent link: https://www.econbiz.de/10014200780
This paper uses longitudinal test data to analyze the relation between retirement and cognitive development …. Controlling for individual fixed effects and lagged cognition, we find that retirees face greater declines in information … appears to be persistent 6 years after retirement. Both effects of retirement on cognitive development are comparable to the …
Persistent link: https://www.econbiz.de/10014165463
In this study, we investigate the anatomy of older workers' wages. The central question is whether the wage cushion — i.e., the difference between actual wages and collectively agreed-upon (maximum) contractual wages — contributes to the fact that wages continue increasing at older ages. We...
Persistent link: https://www.econbiz.de/10013046499
and retirement decision at older ages. We then describe key labor market indicators using data from the Labour Force … Survey (LFS) over the period 1983‐2013 and also present trends in participation in (early‐) retirement routes. Next, we …
Persistent link: https://www.econbiz.de/10012983582