Reference : Recessions, unemployment and the brain: Do individual and aggregate economic shocks p...
Scientific congresses, symposiums and conference proceedings : Paper published in a journal
Social & behavioral sciences, psychology : Sociology & social sciences
Human health sciences : Public health, health care sciences & services
http://hdl.handle.net/10993/19757
Recessions, unemployment and the brain: Do individual and aggregate economic shocks prior to retirement leave a cognitive ‘scar’?
English
Hessel, Philipp []
Leist, Anja mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Riumallo-Herl, Carlos J. []
Avendano, Mauricio []
2015
http://paa2015.princeton.edu
Yes
Annual Meeting of the Population Association America
30 April - 2 May 2015
San Diego
[en] cognitive function ; older age ; recessions ; HRS ; unemployment ; longitudinal
[en] Based on a linkage of state unemployment rates and individual-level data from the Health and Retirement Study (HRS), we assess whether exposure to unfavorable macroeconomic conditions in the years leading up to retirement affect both levels as well as changes in cognitive functioning after retirement. Our results suggest that recessions experienced in the years prior to retirement can have substantial negative effects on cognitive function at age 65 and beyond. Our results are robust to various specifications and suggest that these effects are particularly strong for older workers with unstable careers who are hit by a recession, while they are similar for individuals from different race or educational level.
Integrative Research Unit: Social and Individual Development (INSIDE) > PEARL Institute for Research on Socio-Economic Inequality (IRSEI)
http://hdl.handle.net/10993/19757

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