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Retirement and memory in Europe
- Authors:
- BIANCHINI Laura, BORELLA Margherita
- Journal article citation:
- Ageing and Society, 36(7), 2016, pp.1434-1458.
- Publisher:
- Cambridge University Press
The authors investigate the effect of retirement on memory using the Survey on Health, Ageing and Retirement in Europe (SHARE). The availability of a panel data-set allows individual heterogeneity to be controlled for when estimating the effect of transitions into retirement on a commonly employed memory measure, word recall. Control for endogeneity of the retirement decision is made by applying an instrumental variable technique to fixed-effects transformation. The authors' main finding is that, conditional on the average non-linear memory age path of the typical individual, time spent in retirement has a positive effect on word recall.