Table A.5.
Net Financial Wealth before and after Cognitive Decline (All Estimated Coefficients)
| Cognitive Decline Based on | ||||
|---|---|---|---|---|
| Total Word Recall | Total Cognition | |||
| At decline | −1.976* (1.046) |
−2.101** (1.039) |
−3.612** (1.077) |
−3.643** (1.074) |
| After decline | −2.045* (1.198) |
−2.195* (1.199) |
−3.073** (1.369) |
−3.168** (1.378) |
| Female | 0.615** (0.136) |
0.687** (0.141) |
0.643** (0.134) |
0.728** (0.138) |
| African American | −7.723** (0.659) |
−7.064** (0.662) |
−7.539** (0.652) |
−6.870** (0.655) |
| Other Race | −3.589** (0.907) |
−2.686** (0.930) |
−3.561** (0.903) |
−2.651** (0.927) |
| Age 61-70 | 10.537** (0.827) |
6.658** (0.965) |
10.580** (0.835) |
6.621** (0.972) |
| Age 71-80 | 16.877** (0.976) |
11.616** (1.145) |
17.051** (0.992) |
11.681** (1.155) |
| Age 81-90 | 26.377** (1.821) |
20.094** (1.781) |
26.577** | k20.153** (1.821) |
| Age 91+ | 33.097** (3.229) |
26.101** (3.275) |
33.190** (3.276) |
26.012** (3.316) |
| Couple age difference | −0.400** (0.029) |
−0.316** (0.028) |
−0.407** (0.029) |
−0.321** (0.028) |
| R high education | 6.017** (0.638) |
5.823** (0.628) |
5.824** (0.626) |
5.619** (0.617) |
| S high education | 5.828** (0.648) |
5.612** (0.636) |
5.751** (0.639) |
5.530** (0.626) |
| Spouse absent | −3.006 (4.088) |
−3.195 (4.270) |
−2.631 (4.086) |
−2.842 (4.271) |
| Partnered | 0.924 (1.332) |
1.100 (1.323) |
1.129 (1.315) |
1.310 (1.305) |
| R poor health | −0.061 (0.486) |
−0.902* (0.522) |
−0.028 (0.483) |
−0.893* (0.520) |
| S poor health | 0.216 (0.494) |
−0.662 (0.529) |
0.276 (0.494) |
−0.628 (0.529) |
| S tot cog score | 0.161** (0.067) |
0.188** (0.066) |
0.162** (0.067) |
0.190** (0.066) |
| HH income q2 (before) | 0.013 (0.502) |
−0.054 (0.536) |
−0.043 (0.507) |
−0.089 (0.542) |
| HH income q3 (before) | 5.900** (0.719) |
6.238** (0.774) |
6.025** (0.724) |
6.397** (0.779) |
| HH income q4 (before) | 26.771** (1.298) |
27.892** (1.353) |
27.171** (1.311) |
28.384** (1.371) |
| R working | −4.674** (0.718) |
−4.731** (0.717) |
||
| S working | −4.915** (0.708) |
−5.079** (0.709) |
||
| R ADL difficulty | −0.086 (0.421) |
−0.040 (0.423) |
||
| S ADL difficulty | 0.067 (0.420) |
0.101 (0.419) |
||
| Log medical expenses | 1.522** (0.338) |
1.504** (0.338) |
||
|
| ||||
| N | 48,196 | 48,196 | 48,196 | 48,196 |
R: respondent; S: spouse; HH: household. Regressions also include wave indicators. Standard errors clustered at the household level in parentheses. ***, ** and * indicate significance at the 1%, 5% and 10% level, respectively.