This paper uses longitudinal test data to analyze the relation between retirement and cognitive development. Controlling for individual fixed effects, we find that retirees face greater declines in information processing speed than those who remain employed. However, remarkably, their cognitive flex
This paper uses longitudinal test data to analyze the relation between retirement and cognitive development. Controlling for individ- ual xed e¤ects, we nd that retirees face greater declines in infor- mation processing speed than those who remain employed. Since the decline in information proces
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