NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Cognition and Economic Outcomes in the Health and Retirement Survey

John J. McArdle, James P. Smith, Robert Willis

NBER Working Paper No. 15266
Issued in August 2009
NBER Program(s):   AG

Dimensions of cognitive skills are potentially important but often neglected determinants of the central economic outcomes that shape overall well-being over the life course. There exists enormous variation among households in their rates of wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have proven difficult to explain by conventional demographic factors, the amount of bequests they receive or anticipating giving, and the level of economic resources of the household. These may be cognitively demanding decisions at any age but especially so at older ages. This research examines the association of cognitive skills with wealth, wealth growth, and wealth composition for people in their pre and post-retirement years.

download in pdf format
   (220 K)

email paper

A non-technical summary of this paper is available in the January 2010 NBER digest.  You can sign up to receive the NBER Digest by email.

The NBER Bulletin on Aging and Health provides summaries of publications like this.  You can sign up to receive the NBER Bulletin on Aging and Health by email.

This paper is available as PDF (220 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w15266

Published: Cognition and Economic Outcomes in the Health and Retirement Survey, John J. McArdle, James P. Smith, Robert Willis. in Explorations in the Economics of Aging, Wise. 2011

Users who downloaded this paper also downloaded these:
Jolls w13230 Employment Law and the Labor Market
Shen w12374 The Effects of HMO and Its For-Profit Expansion on the Survival of Specialized Hospital Services
Lampe and Moser w15061 Do Patent Pools Encourage Innovation? Evidence from the 19th-Century Sewing Machine Industry
Atack, Haines, and Margo w14410 Railroads and the Rise of the Factory: Evidence for the United States, 1850-70
Farmer, Zha, and Waggoner w14710 Understanding Markov-Switching Rational Expectations Models
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us