working Paper Hendrik Schmitz author 48879 Matthias Westphal author 64661 281 department 475 department 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. RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen2021 eng Cognitive abilitiesretirementevent studymarginal treatment effects 918 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. 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. 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. @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} } 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. 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. 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. 465372023-08-16T10:02:17Z2023-08-20T17:54:49Z