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Heterogeneous Effects of Retirement on Health and Cognition: The Role of Job Demands

Award Number: R21AG058114
ORGANIZATION: NATIONAL INSTITUTE ON AGING
OPDIV: NIH
AWARD CLASS: DISCRETIONARY
AWARD ACTIVITY TYPE: SCIENTIFIC/HEALTH RESEARCH (INCLUDES SURVEYS)
PERIOD OF PERFORMANCE START DATE: 08/01/2018
PERIOD OF PERFORMANCE END DATE: 05/31/2021

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Heterogeneous Effects of Retirement on Health and Cognition: The Role of Job Demands - Project Summary/Abstract Structural demographic changes in recent decades have increased the proportion of an individual’s life spent in retirement, challenging the financial sustainability of Social Security and other public programs. In order to cope with these problems, many governments have implemented policies aimed at increasing the average retirement age of the population. However, the implications of later retirement for health outcomes, particularly cognitive functioning, are still not well understood. Studying the effects of retirement on cognition requires a unified framework that recognizes these effects may be different for individuals with different work experiences and job demands and that, by allowing for different sources of individual heterogeneity, is able to reconcile previous mixed evidence on the signs of these effects. In this study we examine the effects of retirement on cognition in the United States by developing and estimating a life-cycle model in which workers with different occupational job demands optimally choose consumption, when to retire, and cognitive repair investments. The model will be estimated with longitudinal data from the Health and Retirement Study and the O*NET skills survey, and it will be used to assess the causal effect of retirement on cognitive decline for workers with different occupations by conducting counterfactual policy experiments. Our approach provides a unified framework to estimate heterogeneous retirement effects on cognition, and to study how occupational job demands moderate this relationship, as well as the mediating role of cognitive repair investments.


Issue Date FY	Funding FY	Legal Entity Name	Legal Entity Address	Legal Entity City	Legal Entity State	Legal Entity Zip Code	Legal Entity COUNTY	Legal Entity COUNTRY	Assistance Listing	Award Code	Budget Year	Action Date	Action Type	Action Amount

Issue Date FY: 2022 ( Subtotal = -$1,569 )
2022	2019	RAND CORP	1776 MAIN ST	SANTA MONICA	CA	90401	LOS ANGELES	USA	Aging Research	000	2	10/18/2021	NON-COMPETING CONTINUATION	-$1,569
														Subtotal = -$1,569

Issue Date FY: 2019 ( Subtotal = $248,493 )
2019	2019	RAND CORPORATION, THE	1776 MAIN ST	SANTA MONICA	CA	90401	LOS ANGELES	USA	Aging Research	000	2	6/10/2019	NON-COMPETING CONTINUATION	$248,493
														Subtotal = $248,493

Issue Date FY: 2018 ( Subtotal = $297,283 )
2018	2018	RAND CORPORATION, THE	1776 MAIN ST	SANTA MONICA	CA	90401	LOS ANGELES	USA	Aging Research	000	1	7/26/2018	NEW	$297,283
														Subtotal = $297,283

Grand Total All Awards = $544,207

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Heterogeneous Effects of Retirement on Health and Cognition: The Role of Job Demands

Award Number: R21AG058114

ORGANIZATION: NATIONAL INSTITUTE ON AGING

OPDIV: NIH

AWARD CLASS: DISCRETIONARY

AWARD ACTIVITY TYPE: SCIENTIFIC/HEALTH RESEARCH (INCLUDES SURVEYS)

PERIOD OF PERFORMANCE START DATE: 08/01/2018

PERIOD OF PERFORMANCE END DATE: 05/31/2021

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