@techreport{46537,
  abstract     = {{We study effects of retirement on cognitive abilities (up to ten years after retirement) using data from 21 countries in Continental Europe, England, and the US, and exploiting early-retirement thresholds for identification. For this purpose, combines event-study estimations with the marginal treatment effect framework to allow for effect heterogeneity. This helps to decompose event-study estimates into true medium-run effects of retirement and effects driven by differential retirement preferences. Our results suggest considerable negative effects of retirement on cognitive abilities. We also detect substantial effect heterogeneity: Those who retire as early as possible are not affected while those who retire later exhibit negative effects.}},
  author       = {{Schmitz, Hendrik and Westphal, Matthias}},
  keywords     = {{Cognitive abilities, retirement, event study, marginal treatment effects}},
  publisher    = {{RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen}},
  title        = {{{The dynamic and heterogeneous effects of retirement on cognitive decline}}},
  volume       = {{918}},
  year         = {{2021}},
}