Arbeitspapier

Does schooling improve cognitive functioning at older ages?

We study the relationship between education and cognitive functioning at older ages by exploiting compulsory schooling reforms, implemented in six European countries during the 1950s and 1960s. Using data of individuals aged 50+ from the Survey of Health, Aging and Retirement in Europe (SHARE), we assess the causal effect of education on old-age memory, fluency, numeracy, orientation and dementia. We find a positive impact of schooling on memory. One year of education increases the delayed memory score by about 0.3, which amounts to 16% of the standard deviation. Furthermore, for women, we find that more education reduces the risk of dementia.

Language
Englisch

Bibliographic citation
Series: Reihe Ökonomie / Economics Series ; No. 293

Classification
Wirtschaft
Analysis of Education
Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
Subject
compulsory schooling
instrumental variables
education
cognitive functioning
memory
aging
dementia

Event
Geistige Schöpfung
(who)
Schneeweis, Nicole
Skirbekk, Vegard
Winter-Ebmer, Rudolf
Event
Veröffentlichung
(who)
Institute for Advanced Studies (IHS)
(where)
Vienna
(when)
2012

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Schneeweis, Nicole
  • Skirbekk, Vegard
  • Winter-Ebmer, Rudolf
  • Institute for Advanced Studies (IHS)

Time of origin

  • 2012

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