Fabrizio Mazzonna|Franco Peracchi
Ageing, cognitive abilities and retirement
Max Planck Institute for Social Law and Social Policy|Einaudi Institute for Economics and Finance|University of Rome Tor Vergata
investigate relationship ageing cognitive abilities retirement using survey health ageing retirement europe share household panel offers possibility comparing several european countries using nationally representative samples population aged 50 human capital framework suggests retirement may cause increase cognitive decline since retirement individuals lose market incentive invest cognitive repair activities empirical results based instrumental variable strategy deal potential endogeneity retirement confirm key prediction also indicate education plays fundamental role explaining heterogeneity level cognitive abilities