{"abstract":[{"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.","lang":"eng"}],"title":"The dynamic and heterogeneous effects of retirement on cognitive decline","date_updated":"2023-08-20T17:54:49Z","language":[{"iso":"eng"}],"intvolume":"       918","series_title":" Ruhr Economic Papers","department":[{"_id":"281"},{"_id":"475"}],"keyword":["Cognitive abilities","retirement","event study","marginal treatment effects"],"type":"working_paper","volume":918,"publisher":"RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen","citation":{"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} }","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.","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.","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.","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.","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.","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."},"user_id":"53779","author":[{"id":"48879","first_name":"Hendrik","full_name":"Schmitz, Hendrik","last_name":"Schmitz"},{"full_name":"Westphal, Matthias","last_name":"Westphal","first_name":"Matthias","id":"64661"}],"year":"2021","date_created":"2023-08-16T10:02:17Z","status":"public","_id":"46537"}