I think employment may set us up for rapid cognitive decline when we finally become unemployed. As in, working 40+ hours a week makes us over-value "vegging out", which sets us up for failure post-employment.
Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
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Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#12A strangely click-baity title for an academic paper. What's next? "Four crazy macroeconomic predictions. You won't believe what's number four!"
Seems like a fairly conventional economics paper title.
Perhaps you're misparsing the second sentence? "Shocks" is not used as a verb here -- it's a noun, part of the phrase "labor market shocks," which refers to sudden events that disrupt the labor market.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#13It's 48 pages and I haven't read it fully, but it seems almost childlike that the paper doesn't address the obvious confounding variable: "Does Unemployment Make It More Likely for Late Middle-Aged People, Particularly Men, To Drink Alcohol? Evidence From We Obviously Should Have Considered This In The Paper, Perhaps We Are Too Sheltered" To be clear I am not being pedantic. The paper explicitly endorses the policy o…
>but it seems almost childlike that the paper doesn't address the obvious confounding variable:
I thought that's the reason why they used "Evidence from Labor Market Shocks"? The idea is that when "Labor Market Shocks" (ie. mass layoffs) happen, the people who lose their jobs are somewhat random, so there isn't the confounding variable of low performers/sick people.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#14We probably all have anecdotal evidence here, but my father is a perfect example of being no longer employed and a ton of stuff declining. Yes, cognitively, but a lot of health. We're talking not just your "career". He was a commercial real estate agent. But in his 80s he was working at Menards as a greeter and stocker. And it kept him busy. Getting out of the house. Figuring things out. Meeting and talking to people. Walking. Talking. Scheduling things. He'd even tell us that if he stopped, things would just descend. And he was so right.
He had to stop to help take more care of my mom, and quickly, he just fell out of all these things. Cognitively. Health. Ability to do anything decision wise or to better himself just tanked.
Sample size of 1. A ton of confounding variables. But definitely wasn't his choice to stop working at a place because of health. The poor health came after being forced to quit.
Does make me worry about "taking it easy" when I get older whatever that means :)
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#15I've been retired for about 5 years and I am just as loony now as I was when employed. HN, my own silly hobby sites, flirting with the gals in town and wildlife keep me active.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#16I feel like this is less about employment and more a factor of money and engagement.
You need some amount of money for good health insurance, healthier foods, lower stress, etc. You need engagement, but that could be found in volunteering and sufficiently complex hobbies.
The trend seen with employment cycles might just be picking up that many people lack these.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#17I believe there have been studies into how social life impacts longevity, and probably cognitive decline as well. For some people, like my great-grandmother who kept working well into her 80s by choice, jobs can be a big social outlet. For others a job can be very socially isolating. Those factors probably matter a lot. Side note: I'm sure we'll see research into these areas used to propose delaying retirement age mo…
Your side note implies this would be a bad or nefarious thing? What if it's actually a good decision for both individuals and the public at large?
I doubt it would be a good decision for all individuals. Maybe the public at large, but I question if that would be what motivates the people who seek such changes the most.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#18This feels like propaganda, like a peice from the Economist.
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#19I think employment may set us up for rapid cognitive decline when we finally become unemployed. As in, working 40+ hours a week makes us over-value "vegging out", which sets us up for failure post-employment.
Yeah, questions I have: 1) what’s the effect for countries with humane amounts of paid leave (e.g. France’s 7ish weeks plus ten or so holidays) and working hours; and 2) so how about, you know, the idle rich? Should we be forcing them to work 40 hours as gas station clerks, for the good of their mental health? Should we forcibly deny them access to their money sometimes so they have to get a job every now and then?
I suspect what’s actually going on is that decades on end of employment and the stress of the constant threat of financial ruin causes substantial psychological trauma and absolutely destroys a person’s social self and life, and the idle rich are actually doing fine despite not having jobs, and people in countries that let you live a little bit of life still in your “working years” don’t see this effect so strongly. If that’s true, then it’s incredibly fucked up that the prescription is “more of the thing that robbed you of your humanity to begin with… all to further enrich the idle rich who are not so-traumatized”
Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks
#20I believe there have been studies into how social life impacts longevity, and probably cognitive decline as well. For some people, like my great-grandmother who kept working well into her 80s by choice, jobs can be a big social outlet. For others a job can be very socially isolating. Those factors probably matter a lot. Side note: I'm sure we'll see research into these areas used to propose delaying retirement age mo…
Your side note implies this would be a bad or nefarious thing? What if it's actually a good decision for both individuals and the public at large?
The issue is using a single factor to push change does not mean that change is a net good. Nobody talks about windmills killing birds because that’s what they actually care about, instead there are so few downsides they needed to find something no matter how meaningless in context.
As such single issues are often a fake justification for what they want to happen for other reasons.