Tag: cognitive decline
New study suggests a key reason is cognitive impairment. Long-term care is a substantial financial risk for most retired households. Yet few buy long-term care insurance. And, among those who do, more than one third with policies at age 65 will let their policies lapse before death, forfeiting all benefits. A new study by my…
Abstract This paper examines the relationship between age-related cognitive decline and three potential workplace outcomes: 1) coping with increased job difficulty; 2) shifting to a less cognitively demanding job; and 3) retiring early. It uses data from the Health and Retirement Study (HRS) and the O*NET database. Critical components of the analysis are the metric…
