ArticleJournal of human capital2013
Dementia Risk and Financial Decision Making by Older Households: The Impact of Information.
Article in Journal of human capital, 2013. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 26 papers, 2 of them syntheses that pooled it.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.
Who cites it
26 citing papers in PubMed, 2 syntheses or guidelines pooled it, 68 citations in OpenAlex.
- A scoping review of financial decision-making measures in midlife and beyond: results from the advancing reliable measurement in cognitive aging and decision-making ability (ARMCADA) study.Frontiers in psychology · 2025Pooled it
- Pooled it
- The economics of decision-making in dementia care and related life-limiting illness: a narrative review.Health economics review · 2026Review
- Talking about the hypothetical future: Serious illness communication for residents living with dementia in long-term care homes - An integrative review.Palliative care and social practice · 2026Review
- The relationship between Subjective Cognitive Decline-Financial Interference and excess Spending in Older Adults With and Without Early Memory Loss.Journal of ageing and longevity · 2025Article
- Education and Adult Cognition in a Low-Income Setting: Differences among Adult Siblings.Journal of human capital · 2025Article
- Development of an online tool to support financial and legal planning in dementia.PEC innovation · 2024Article
- A person-centered approach to financial capacity: early memory loss, financial management and decision-making.Aging & mental health · 2024Article
- What Can Economics Say about Alzheimer's Disease?Journal of economic literature · 2023Article
- Use of Telephone- and Internet-Based Support to Elicit and Address Financial Abuse and Mismanagement in Dementia: Experiences from the Care Ecosystem Study.Journal of Alzheimer's disease : JAD · 2022Article
- The WALLET Study: Examining Early Memory Loss and Personal Finance.Innovation in aging · 2022Article
- Financial Presentation of Alzheimer Disease and Related Dementias.JAMA internal medicine · 2021Article
- CCCDTD5: Individual and community-based psychosocial and other non-pharmacological interventions to support persons living with dementia and their caregivers.Alzheimer's & dementia (New York, N. Y.) · 2020Article
- Cognitive Decline and Household Financial Decisions at Older Ages.Journal of the economics of ageing · 2019Article
- [Informal care for dementia according to type of service].Der Nervenarzt · 2018Article
- Financial decision-making abilities and financial exploitation in older African Americans: Preliminary validity evidence for the Lichtenberg Financial Decision Rating Scale (LFDRS).Journal of elder abuse & neglect · 2016Article
- Aging and Strategic Learning: The Impact of Spousal Incentives on Financial Literacy.The Journal of human resources · 2016Article
- Assessing the Functional Status of Older Cancer Patients in an Ambulatory Care Visit.Healthcare (Basel, Switzerland) · 2015Review
- Plasma 24-metabolite Panel Predicts Preclinical Transition to Clinical Stages of Alzheimer's Disease.Frontiers in neurology · 2015Article
- Conceptual and Empirical Approaches to Financial Decision-making by Older Adults: Results from a Financial Decision-making Rating Scale.Clinical gerontologistArticle
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
2 authors at 2 institutions in 1 country.
Funding
Abstract
The knowledge and reasoning ability needed to manage one's finances is a form of human capital. Alzheimer's disease and other dementias cause progressive declines in cognition that lead to a complete loss of functional capacities. In this paper we analyze the impact of information about cognitive decline on the choice of household financial decision-maker. Using longitudinal data on older married couples in a novel application of survival analysis, we find that as the financial decision maker's cognition declines, the management of finances is eventually turned over to his cognitively intact spouse, often well after difficulties handling money have already emerged. However, a memory disease diagnosis increases the hazard of switching the financial respondent by over 200 percent for couples who control their retirement accounts, like 401(k) accounts, relative to those who passively receive retirement income. This finding is consistent with a model of the value of information: households with the most to gain financially from preparation are most responsive to information about cognitive decline.
Identifiers
What OpenQuestion holds
Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.