@article{33458,
  abstract     = {{We study the effect of unemployment on cognitive abilities among individuals aged between 50 and 65 in Europe. To this end, we exploit plant closures and use flexible event-study estimations together with an experimentally elicited measure of fluid intelligence, namely word recall. We find that, within a time period of around eight years after the event of unemployment, cognitive abilities only deteriorate marginally — the effects are insignificant both in statistical and economic terms. We do, however, find significant effects of late-career unemployment on the likelihood to leave the labor force, and short-term effects on mental health problems such as depression and sleep problems.}},
  author       = {{Freise, Diana and Schmitz, Hendrik and Westphal, Matthias}},
  journal      = {{Journal of Health Economics}},
  title        = {{{Late-Career Unemployment and Cognitive Abilities}}},
  doi          = {{https://doi.org/10.1016/j.jhealeco.2022.102689}},
  volume       = {{86}},
  year         = {{2022}},
}

@article{30235,
  author       = {{Westphal, Matthias and Kamhöfer, Daniel A. and Schmitz, Hendrik}},
  journal      = {{Economic Journal}},
  number       = {{646}},
  pages        = {{2231--2272}},
  title        = {{{Marginal College Wage Premium under Selection into Employment}}},
  doi          = {{10.1093/ej/ueac021}},
  volume       = {{132}},
  year         = {{2022}},
}

@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}},
}

@article{15074,
  author       = {{Kamhöfer, Daniel A and Schmitz, Hendrik and Westphal, Matthias}},
  issn         = {{1542-4766}},
  journal      = {{Journal of the European Economic Association}},
  number       = {{1}},
  pages        = {{205--244}},
  title        = {{{Heterogeneity in Marginal Non-Monetary Returns to Higher Education}}},
  doi          = {{10.1093/jeea/jvx058}},
  volume       = {{17}},
  year         = {{2019}},
}

@article{2635,
  author       = {{Schmitz, Hendrik and Westphal, Matthias}},
  journal      = {{Journal of Health Economics}},
  pages        = {{1--18}},
  title        = {{{Informal Care and Long-term Labor Market Outcomes}}},
  doi          = {{10.1016/j.jhealeco.2017.09.002}},
  volume       = {{56}},
  year         = {{2017}},
}

@article{2957,
  author       = {{Schmitz, Hendrik and Westphal, Matthias}},
  journal      = {{Journal of Health Economics}},
  pages        = {{174--185}},
  title        = {{{Short-and medium-term effects of informal care provision on female caregivers’ health}}},
  doi          = {{10.1016/j.jhealeco.2015.03.002}},
  volume       = {{42}},
  year         = {{2015}},
}