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Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

nber.org

341–350 of 395 posts

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#341
post #88
post #15

I'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.

> flirting with the gals in town and wildlife keep me active. Let me write a memo to myself: Try flirting with wildlife to ensure longevity!

Nickname checks out

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#343

Earlier quoted context omitted.

The tragedy is that people who are most likely to successfully FIRE have spent so long being laser-focused on making money to FIRE, that they neglected their (hobbies, social circle, health - underline as needed), so they find themselves in such a predicament. Personally, I'd love to FIRE. I have at least 5-10 years of personal projects in my head that I would do if I didn't have a 9-5 job. Unfortunately, graduating…

FIRE isn't about job market, you can't control that. Though in tech most people are still making quite large incomes which does help. Rather it is about controlling expenses. The thing you can actually control. My sister's family of 5 lives on less than 50k CAD / year, because they simply must (low income) so if one is making a 100k white collar salary (for example) one can live a lifestyle higher than hers while sti…

That would not work well in the US with annual out of pocket healthcare expenses that can be up to $21.2k per year per family, or $10.6k per year for a single person.

Plus the monthly insurance premiums. Financial independence without a large sum of money does not make any sense, and a large sum of money comes from either inheritance, or income.

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#345

The problem isn't retirement per se, it is that people don't have things to occupy themselves with. They retire and they vegetate. I worked with a lady that was in her 70s who was deathly afraid of retiring because she didn't have anything to do. That's beyond depressing to me, to be incapable of even conceiving of doing something that doesn't involve going to a job. We have created people that never develop as human…

The reason people go from work to nothing on retirement is because work fills up the nearly all of the productive hours of a person's life. If it were to take, let's say 4 days, or six hours a day, people would be so bored, they would be making projects, business ventures, or volunteering. And then on retirement, people would still have their hobbies and passion projects they had been working on their entire life. Th…

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Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#346

The problem isn't retirement per se, it is that people don't have things to occupy themselves with. They retire and they vegetate. I worked with a lady that was in her 70s who was deathly afraid of retiring because she didn't have anything to do. That's beyond depressing to me, to be incapable of even conceiving of doing something that doesn't involve going to a job. We have created people that never develop as human…

The reason people go from work to nothing on retirement is because work fills up the nearly all of the productive hours of a person's life. If it were to take, let's say 4 days, or six hours a day, people would be so bored, they would be making projects, business ventures, or volunteering. And then on retirement, people would still have their hobbies and passion projects they had been working on their entire life. Th…

I have diagnosed adhd (since I was a child) and something I struggled with, which may be relevant to you, is that it can be really easy to tell yourself or believe you have a limited capacity to focus and later in the day you just run out. The idea that you can’t start doing a hobby because you don’t have the capacity to focus on something is untrue a lot of the time, and it’s noticeable in a situation where if you do really mentally taxing fulfilling hard work, sometimes you feel much more capable of doing those hobbies, because the same “focus” for one isn’t exactly the same as the other.

Not saying you’re wrong for feeling that way, just sharing a way of thinking that helped me out a lot

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#347
post #47

Earlier quoted context omitted.

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 mean, it could be both good and bad depending on the person. My Dad worked physically demanding jobs, and would have been happy to retire and spend his time working on personal projects at age 60, and his health and well-being would have been better if he had not had to keep doing exhausting work for at least 8 more years for money reasons. So, I think people feel justifiably protective of our elders when people ta…

This. I feel like we are wasting tons of human potential due to ageism and not finding good ways for letting experience trickle down.

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#348
post #335

Interestingly rich people who've never worked a day in their life dont have this problem... I wonder what the link could be

I didn't see that in the OP document. Is that mentioned in the document, or pure speculation on your part?

Call it an educated guess.

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#349

The problem isn't retirement per se, it is that people don't have things to occupy themselves with. They retire and they vegetate. I worked with a lady that was in her 70s who was deathly afraid of retiring because she didn't have anything to do. That's beyond depressing to me, to be incapable of even conceiving of doing something that doesn't involve going to a job. We have created people that never develop as human…

Hard-working children. Uncultivated. No taste. Masters within their professional shoebox but otherwise brutally shallow. And the higher the skill level the worse it is. I see it every day.

Re: Does Employment Slow Cognitive Decline? Evidence from Labor Market Shocks

#350

Earlier quoted context omitted.

More than 10% of 18-25 year olds are considered NEETs. They haven't experienced anything but sitting at school for 25 hours a week with zero responsibilities. Yet none of them do anything useful with their free time. Funnily, this affects both poor and rich kids equally

> More than 10% of 18-25 year olds are considered NEETs. They haven't experienced anything but sitting at school for 25 hours a week with zero responsibilities. Being dumped by absent parents and having lack of pointers/goals in life is not > raised to be empowered by creation and creativity, having generous allowances to experiment and not burdened with work or brain rot. in my book.

So which is it?

Do people need structure to occupy their time or will they provide it themselves?

Does school not count as "generous allowances to experiment"? Why not?

Under your definition, what does? Can you actually point to something that satisfies your definition?

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