|Reference : Economic Downturns, Retirement and Long-Term Cognitive Function Among Older Americans|
|Scientific journals : Article|
|Social & behavioral sciences, psychology : Sociology & social sciences|
|Economic Downturns, Retirement and Long-Term Cognitive Function Among Older Americans|
|Hessel, Philipp |
|Riumallo-Herl, Carlos |
|Leist, Anja [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]|
|Berkman, Lisa |
|Avendano, Mauricio |
|Journals of Gerontology Series B : Psychological Sciences & Social Sciences|
|Gerontological Society of America|
|Yes (verified by ORBilu)|
|[en] cognitive function ; economic recessions ; unemployment|
|[en] Objective: Workers approaching retirement may be particularly vulnerable to economic downturns. This study assesses whether exposure to economic downturns around retirement age leads to poorer cognitive function in later life.
Method: Longitudinal data for 13,577 individuals in the Health and Retirement Study were linked to unemployment rates in state of residence. Random- and fixed-effect models were used to examine whether downturns at 55–64 years of age were associated with cognitive functioning levels and decline at ≥65 years, measured by the Wechsler Adult Intelligence Scale-Revised.
Results: Longer exposure to downturns at 55–64 years of age was associated with lower levels of cognitive function at ≥65 years. Compared to individuals experiencing only up to 1 year in a downturn at 55–64 years of age, individuals experiencing two downturns at these ages had 0.09 point (95% Confidence Interval [CI, −0.17, −0.02]) lower cognitive functioning scores at ≥65 years (3 years: b = −0.17, 95%CI [−0.29, −0.06]; 4 years: b = −0.14, 95%CI [−0.25, −0.02]; ≥5 years: b = −0.22, 95%CI [−0.38, −0.06]). Downturns at 55–64 years of age were not associated with rates of cognitive decline.
Discussion: Exposure to downturns around retirement is associated with a long-lasting decline in cognitive function in later life. Policies mitigating the impact of downturns on older workers may help to maintain cognitive function in later life.
|Integrative Research Unit: Social and Individual Development (INSIDE) > PEARL Institute for Research on Socio-Economic Inequality (IRSEI)|
|Fonds National de la Recherche - FnR|
|File(s) associated to this reference|
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