Recessions, unemployment and the brain: Do individual and aggregate economic shocks prior to retirement leave a cognitive ‘scar’?

Hessel, Philipp; Leist, Anja; Riumallo-Herl, Carlos J.; Avendano, Mauricio

Reference : Recessions, unemployment and the brain: Do individual and aggregate economic shocks p...


	Document type :	Scientific congresses, symposiums and conference proceedings : Unpublished conference
	Discipline(s) :	Social & behavioral sciences, psychology : Sociology & social sciences Human health sciences : Public health, health care sciences & services
	To cite this reference:	http://hdl.handle.net/10993/19757

Title :	Recessions, unemployment and the brain: Do individual and aggregate economic shocks prior to retirement leave a cognitive ‘scar’?
Language :	English
Author, co-author :	Hessel, Philipp [> >]
	Leist, Anja [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 [> >]
Publication date :	2015
Peer reviewed :	Yes
Event name :	Annual Meeting of the Population Association America
Event date :	30 April - 2 May 2015
Event place (city) :	San Diego
Keywords :	[en] cognitive function ; older age ; recessions ; HRS ; unemployment ; longitudinal
Abstract :	[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.
Research centres :	Integrative Research Unit: Social and Individual Development (INSIDE) > PEARL Institute for Research on Socio-Economic Inequality (IRSEI)
Permalink :	http://hdl.handle.net/10993/19757
Other URL :	http://paa2015.princeton.edu

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