TY - GEN
T1 - Does the definition of retirement matter in estimating the effects of retirement on cognitive functioning?
AU - Kajitani, Shinya
AU - Sakata, Kei
AU - McKenzie, Colin R.
N1 - Funding Information:
All three authors would like to thank participants at a Workshop on Family Economics at the University of Bocconi where an earlier version of this paper was presented, and would like to gratefully acknowledge the financial assistance provided by the Japan Society for the Promotion of Science (JSPS) Grant in Aid for Scientific Research (B) No. 24330093 for a project on “Retirement Behavior of the Aged and their Cognitive Ability and Health”. They would also like to acknowledge the kind permission of the Tokyo Metropolitan Institute of Gerontology, the University of Michigan and the Social Science and the Social Science Japan Data Archive, Information Center for Social Science Research on Japan, Institute of Social Science, University of Tokyo in making available the data in the "“Longitudinal Study of a National Survey of Japanese Elderly (NSJE)” (Zenkoku Koureisha no Seikatsu to Kenkou ni kansuru Chouki Jyuudann Chousa) for use in the analysis in this paper. The third author wishes to gratefully acknowledge the research support provided by the Adolfo Ibanez University, Sciences Po, and the University of Bocconi.
Publisher Copyright:
© International Congress on Modelling and Simulation, MODSIM 2013.All right reserved.
PY - 2013
Y1 - 2013
N2 - The purpose of this paper is to examine the causal impact of retirement on the cognitive functioning of male elderly workers using data from three waves of the National Survey of Japanese Elderly (NSJE). We examine how the definition of retirement affects the findings of Kajitani et al. (2013) where they examined the effects of the longest tenure job (career job) on cognitive functioning. Here, we use the status of retirement rather than the duration of retirement. The two step estimator we use takes account of the potential endogeneity of the status of retirement, using the age at which individuals are eligible to start receiving pension benefits and whether their career job was self-employment as instruments. Our empirical evidence suggests that the requirements in a person's career job have statistically significant impacts on the cognitive functioning after retirement. Kajitani et al.'s (2013) findings are found to be robust irrespective of the definition of retirement.
AB - The purpose of this paper is to examine the causal impact of retirement on the cognitive functioning of male elderly workers using data from three waves of the National Survey of Japanese Elderly (NSJE). We examine how the definition of retirement affects the findings of Kajitani et al. (2013) where they examined the effects of the longest tenure job (career job) on cognitive functioning. Here, we use the status of retirement rather than the duration of retirement. The two step estimator we use takes account of the potential endogeneity of the status of retirement, using the age at which individuals are eligible to start receiving pension benefits and whether their career job was self-employment as instruments. Our empirical evidence suggests that the requirements in a person's career job have statistically significant impacts on the cognitive functioning after retirement. Kajitani et al.'s (2013) findings are found to be robust irrespective of the definition of retirement.
KW - Cognitive Functioning
KW - Occupation
KW - Retirement
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M3 - Conference contribution
AN - SCOPUS:85080907810
T3 - Proceedings - 20th International Congress on Modelling and Simulation, MODSIM 2013
SP - 1263
EP - 1269
BT - Proceedings - 20th International Congress on Modelling and Simulation, MODSIM 2013
A2 - Piantadosi, Julia
A2 - Anderssen, Robert
A2 - Boland, John
PB - Modelling and Simulation Society of Australia and New Zealand Inc. (MSSANZ)
T2 - 20th International Congress on Modelling and Simulation - Adapting to Change: The Multiple Roles of Modelling, MODSIM 2013 - Held jointly with the 22nd National Conference of the Australian Society for Operations Research, ASOR 2013 and the DSTO led Defence Operations Research Symposium, DORS 2013
Y2 - 1 December 2013 through 6 December 2013
ER -