We investigate the relationship between aging, cognitive abilities and retirement using theSurvey on Health, Aging and Retirement in Europe (SHARE), a household panel that offersthe possibility of comparing several European countries using nationally representative samplesof the population aged 50+. We use a version of the model proposed by Grossman (1972) asa guide for our empirical specification of the age-profile of cognitive abilities. According to themodel, retirement plays a fundamental role in explaining the process of cognitive deterioration.Our empirical results confirm this key prediction. They also indicate that education plays afundamental role in explaining heterogeneity in the level of cognitive abilities.     «

We investigate the relationship between aging, cognitive abilities and retirement using theSurvey on Health, Aging and Retirement in Europe (SHARE), a household panel that offersthe possibility of comparing several European countries using nationally representative samplesof the population aged 50+. We use a version of the model proposed by Grossman (1972) asa guide for our empirical specification of the age-profile of cognitive abilities. According to themodel, retirement plays a fundamental ro...     »