activities as well as social engagement outweighed the protective benefit on health behaviors.
“One of the toughest problems in economic and social science research is determining whether a relationship between two variables is causal or coincidental,” said Nikolov, who currently resides in Washington, D.C. However, understanding the cause and effect of an economic or policy decision is often impossible, as randomized controlled trials of policies are often not practical or ethically possible, the study’s press release pointed out.
The application of natural experiments to tease out cause and effect relationships was so influential that a team of economists who originally introduced the method received the 2021 Nobel Prize in economics, he said.Using this statistical tool, Nikolov noted the researchers were able to study how the decision to retire could impact cognition by comparing two groups.
The first part is social interaction, where “social connectedness can generate a positive feedback loop of social, emotional and physical well-being.” He also said in the release, “We hope our findings will influence how retirees view their retirement activities from a more holistic perspective and pay particular attention to their social engagement, active volunteering and participating in activities fostering their mental acuity,” Nikolov said.
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