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Retirement and memory in Europe



We investigate the effect of retirement on memory using the Survey on Health, Ageing and Retirement in Europe (SHARE). The availability of a panel data-set allows individual heterogeneity to be controlled for when estimating the effect of transitions into retirement on a commonly employed memory measure, word recall. We control for endogeneity of the retirement decision applying an instrumental variable technique to our fixed-effects transformation. Our main finding is that, conditional on the average non-linear memory age path of the typical individual, time spent in retirement has a positive effect on word recall.


Corresponding author

Address for correspondence: Margherita Borella, Department ESOMAS, University of Torino, Corso Unione Sovietica 218 bis, 10134, Torino, Italy E-mail:


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Retirement and memory in Europe



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