---
_id: '46537'
abstract:
- lang: eng
  text: '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:
- first_name: Hendrik
  full_name: Schmitz, Hendrik
  id: '48879'
  last_name: Schmitz
- first_name: Matthias
  full_name: Westphal, Matthias
  id: '64661'
  last_name: Westphal
citation:
  ama: Schmitz H, Westphal M. <i>The Dynamic and Heterogeneous Effects of Retirement
    on Cognitive Decline</i>. Vol 918. RWI - Leibniz-Institut für Wirtschaftsforschung,
    Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen;
    2021.
  apa: Schmitz, H., &#38; Westphal, M. (2021). <i>The dynamic and heterogeneous effects
    of retirement on cognitive decline</i> (Vol. 918). RWI - Leibniz-Institut für
    Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University
    of Duisburg-Essen.
  bibtex: '@book{Schmitz_Westphal_2021, series={ Ruhr Economic Papers}, title={The
    dynamic and heterogeneous effects of retirement on cognitive decline}, volume={918},
    publisher={RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum,
    TU Dortmund University, University of Duisburg-Essen}, author={Schmitz, Hendrik
    and Westphal, Matthias}, year={2021}, collection={ Ruhr Economic Papers} }'
  chicago: Schmitz, Hendrik, and Matthias Westphal. <i>The Dynamic and Heterogeneous
    Effects of Retirement on Cognitive Decline</i>. Vol. 918.  Ruhr Economic Papers.
    RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund
    University, University of Duisburg-Essen, 2021.
  ieee: H. Schmitz and M. Westphal, <i>The dynamic and heterogeneous effects of retirement
    on cognitive decline</i>, vol. 918. RWI - Leibniz-Institut für Wirtschaftsforschung,
    Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen,
    2021.
  mla: Schmitz, Hendrik, and Matthias Westphal. <i>The Dynamic and Heterogeneous Effects
    of Retirement on Cognitive Decline</i>. RWI - Leibniz-Institut für Wirtschaftsforschung,
    Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen,
    2021.
  short: H. Schmitz, M. Westphal, The Dynamic and Heterogeneous Effects of Retirement
    on Cognitive Decline, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University
    Bochum, TU Dortmund University, University of Duisburg-Essen, 2021.
date_created: 2023-08-16T10:02:17Z
date_updated: 2023-08-20T17:54:49Z
department:
- _id: '281'
- _id: '475'
intvolume: '       918'
keyword:
- Cognitive abilities
- retirement
- event study
- marginal treatment effects
language:
- iso: eng
publisher: RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum,
  TU Dortmund University, University of Duisburg-Essen
series_title: ' Ruhr Economic Papers'
status: public
title: The dynamic and heterogeneous effects of retirement on cognitive decline
type: working_paper
user_id: '53779'
volume: 918
year: '2021'
...