Journal article
THE IMPACT OF SOCIAL SECURITY INCOME ON COGNITIVE FUNCTION AT OLDER AGES
American journal of health economics, Vol.2(4), pp.463-488
09/01/2016
DOI: 10.1162/ajhe_a_00058
Abstract
Prior literature has documented a positive association between income and cognitive function at older ages; however, the extent to which this association represents causal effects is unknown. In this study, we use an exogenous change in Social Security income due to amendments to the Social Security Act in the 1970s to identify the causal impact of Social Security income on cognitive function of elderly individuals. We find that higher benefits led to significant improvements in cognitive function and that these improvements in cognition were clinically meaningful. Our results suggest that interventions even at advanced ages can slow the rate of decline in cognitive function.
Details
- Title: Subtitle
- THE IMPACT OF SOCIAL SECURITY INCOME ON COGNITIVE FUNCTION AT OLDER AGES
- Creators
- Padmaja Ayyagari - University of IowaDavid Frisvold - University of Iowa
- Resource Type
- Journal article
- Publication Details
- American journal of health economics, Vol.2(4), pp.463-488
- Publisher
- Mit Press
- DOI
- 10.1162/ajhe_a_00058
- ISSN
- 2332-3493
- eISSN
- 2332-3507
- Number of pages
- 26
- Grant note
- US Social Security Administration (SSA), Retirement Research Consortium
- Language
- English
- Date published
- 09/01/2016
- Academic Unit
- Economics; Public Policy Center (Archive)
- Record Identifier
- 9984283572002771
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