Reference : Economic Downturns, Retirement and Long-Term Cognitive Function Among Older Americans
Scientific journals : Article
Social & behavioral sciences, psychology : Sociology & social sciences
http://hdl.handle.net/10993/30813
Economic Downturns, Retirement and Long-Term Cognitive Function Among Older Americans
English
Hessel, Philipp []
Riumallo-Herl, Carlos []
Leist, Anja mailto [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 []
11-Apr-2017
Journals of Gerontology Series B : Psychological Sciences & Social Sciences
Gerontological Society of America
Yes (verified by ORBilu)
1079-5014
[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
http://hdl.handle.net/10993/30813
10.1093/geronb/gbx035
http://academic.oup.com/psychsocgerontology/article-abstract/doi/10.1093/geronb/gbx035/3575901/Economic-Downturns-Retirement-and-Long-Term?redirectedFrom=fulltext

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