Does the definition of retirement matter in estimating the effects of retirement on cognitive functioning?

Shinya Kajitani, Kei Sakata, Colin R. McKenzie

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

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.

Original languageEnglish
Title of host publicationProceedings - 20th International Congress on Modelling and Simulation, MODSIM 2013
EditorsJulia Piantadosi, Robert Anderssen, John Boland
PublisherModelling and Simulation Society of Australia and New Zealand Inc. (MSSANZ)
Pages1263-1269
Number of pages7
ISBN (Electronic)9780987214331
Publication statusPublished - 2013 Jan 1
Event20th 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 - Adelaide, Australia
Duration: 2013 Dec 12013 Dec 6

Publication series

NameProceedings - 20th International Congress on Modelling and Simulation, MODSIM 2013

Conference

Conference20th 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
CountryAustralia
CityAdelaide
Period13/12/113/12/6

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Keywords

  • Cognitive Functioning
  • Occupation
  • Retirement

ASJC Scopus subject areas

  • Information Systems and Management
  • Modelling and Simulation

Cite this

Kajitani, S., Sakata, K., & McKenzie, C. R. (2013). Does the definition of retirement matter in estimating the effects of retirement on cognitive functioning? In J. Piantadosi, R. Anderssen, & J. Boland (Eds.), Proceedings - 20th International Congress on Modelling and Simulation, MODSIM 2013 (pp. 1263-1269). (Proceedings - 20th International Congress on Modelling and Simulation, MODSIM 2013). Modelling and Simulation Society of Australia and New Zealand Inc. (MSSANZ).