Table A.6.
Net Financial Wealth before and after Cognitive Decline by Financial Responsibility within the Household (All Estimated Coefficients)
| Cognitive Decline Based on | ||||
|---|---|---|---|---|
| Total Word Recall | Total Cognition | |||
| No-FinR | FinR | No-FinR | FinR | |
| At decline | −0.115 (1.720) |
−3.734** (1.465) |
−2.321 (1.777) |
−4.843** (1.347) |
| After decline | −1.157 (1.701) |
−2.893 (1.884) |
−0.764 (2.297) |
−5.309** (1.633) |
| Female | 4.273** (1.236) |
−2.933** (1.099) |
4.010** (1.258) |
−2.915** (1.106) |
| African American | −7.085** (0.738) |
−7.040** (0.713) |
−6.891** (0.745) |
−6.783** (0.703) |
| Other Race | −4.380** (1.249) |
−1.752 (1.138) |
−4.472** (1.249) |
−1.568 (1.144) |
| Age 61-70 | 6.207** (1.216) |
7.367** (1.079) |
5.896** (1.172) |
7.251** (1.092) |
| Age 71-80 | 11.138** (1.403) |
13.095** (1.299) |
11.338** (1.373) |
13.148** (1.340) |
| Age 81-90 | 21.432** (2.253) |
20.841** (1.960) |
21.179** (2.306) |
20.878** (2.029) |
| Age 91+ | 30.268** (6.146) |
24.654** (3.298) |
30.390** (6.418) |
25.554** (3.364) |
| Couple age difference | −0.269** (0.117) |
−0.341** (0.086) |
−0.307** (0.120) |
−0.367** (0.086) |
| R high education | 6.814** (1.155) |
5.154** (0.797) |
6.527** (1.178) |
4.916** (0.790) |
| S high education | 4.517** (0.921) |
6.115** (1.035) |
4.411** (0.942) |
6.163** (1.035) |
| Spouse absent | 0.048 (8.069) |
−3.839 (4.607) |
0.680 (7.938) |
−3.182 (4.609) |
| Partnered | 0.922 (1.522) |
1.851 (1.539) |
1.367 (1.582) |
1.595 (1.405) |
| R poor health | 0.008 (0.979) |
−1.365 (0.844) |
−0.107 (0.993) |
−1.257 (0.844) |
| S poor health | −0.805 (1.013) |
−0.181 (0.851) |
−0.483 (1.053) |
−0.212 (0.856) |
| S tot cog score | 0.377** (0.105) |
0.083 (0.092) |
0.316** (0.110) |
0.087 (0.092) |
| HH income q2 (before) | −0.832 (0.737) |
−0.004 (0.613) |
−0.474 (0.746) |
−0.003 (0.636) |
| HH income q3 (before) | 4.782** (0.989) |
6.389** (0.856) |
5.548** (1.010) |
6.399** (0.863) |
| HH income q4 (before) | 24.792** (1.606) |
27.362** (1.513) |
26.625** (1.744) |
27.927** (1.529) |
| R working | −6.911** (1.254) |
−2.410* (1.412) |
−7.369** (1.255) |
−2.571* (1.413) |
| S working | −2.105 (1.559) |
−6.554** (1.131) |
−2.439 (1.595) |
−6.637** (1.140) |
| R ADL difficulty | −0.969** (0.480) |
1.106 (0.960) |
−1.061** (0.476) |
1.212 (0.947) |
| S ADL difficulty | 0.419 (0.714) |
−0.940** (0.429) |
0.632 (0.747) |
−0.947** (0.430) |
| Log medical expenses | 1.325** (0.387) |
1.500** (0.347) |
1.013** (0.382) |
1.475** (0.345) |
|
| ||||
| N | 17,923 | 22,287 | 17,273 | 22,181 |
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.