NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

John McArdle

USC College of Letters, Arts and Sciences
3551 Trousdale Pkwy.
Los Angeles, CA 90089-4012

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NBER Working Papers and Publications

March 2011Cognition and Economic Outcomes in the Health and Retirement Survey
with James P. Smith, Robert Willis
in Explorations in the Economics of Aging, David A. Wise, editor
August 2009Cognition and Economic Outcomes in the Health and Retirement Survey
with James P. Smith, Robert Willis: w15266
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.

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

 
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