Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67196
Authors: 
Schneeweis, Nicole
Skirbekk, Vegard
Winter-Ebmer, Rudolf
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 6958
Abstract: 
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.
Subjects: 
compulsory schooling
instrumental variables
education
cognitive functioning
memory
aging
dementia
JEL: 
I21
J14
Document Type: 
Working Paper

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