publication . Article . Other literature type . 2012

The Effect of Education on Old Age Cognitive Abilities: Evidence from a Regression Discontinuity Design

Fabrizio Mazzonna; James Banks;
Open Access
  • Published: 12 Apr 2012 Journal: The Economic Journal, volume 122, pages 418-448 (issn: 0013-0133, eissn: 1468-0297, Copyright policy)
  • Publisher: Oxford University Press (OUP)
In this paper we exploit the 1947 change to the minimum school-leaving age in England from 14 to 15, to evaluate the causal effect of a year of education on cognitive abilities at older ages. We use a regression discontinuity design analysis and find a large and significant effect of the reform on males’ memory and executive functioning at older ages, using simple cognitive tests from the English Longitudinal Survey on Ageing (ELSA) as our outcome measures. This result is particularly remarkable since the reform had a powerful and immediate effect on about half the population of 14-year-olds. We investigate and discuss the potential channels by which this reform...
free text keywords: Economics and Econometrics, Article
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