IDEAS home Printed from https://ideas.repec.org/a/spr/cejnor/v20y2012i4p649-677.html
   My bibliography  Save this article

Optimal age-specific election policies in two-level organizations with fixed size

Author

Listed:
  • Gustav Feichtinger
  • Andrey Krasovskii
  • Alexia Prskawetz
  • Vladimir Veliov

Abstract

Many organizations—faculties, firms, political bodies, societies, national academies—have recently been faced with the problem of aging. These trends are caused by increasing longevity of the members of these organizations as well as a lower intake at younger ages. The aging problem is particularly pronounced in organizations of fixed size, where no dismissal due to age (up to a statutory “retirement” age) is acceptable. Attenuating the aging process in a fixed-size organization by recruiting more young people leads to another adverse effect: the number of recruitments will decline, so the chances to be recruited decrease. For multi-level organizations transition flows between the levels and recruitment at different levels complicate the aforementioned problems. In this paper we present a methodology that can help design election policies based on different objective functions related to the age structure and size of two-level organizations, without compromising too much the already established election criteria. Technically, this methodology is based on multi-objective optimization making use of optimal control theory. The current election policies for both full and corresponding members of the Austrian Academy of Sciences constitute the benchmark with which we compare our results based on alternative objective functions. Copyright Springer-Verlag 2012

Suggested Citation

  • Gustav Feichtinger & Andrey Krasovskii & Alexia Prskawetz & Vladimir Veliov, 2012. "Optimal age-specific election policies in two-level organizations with fixed size," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 20(4), pages 649-677, December.
    • Handle: RePEc:spr:cejnor:v:20:y:2012:i:4:p:649-677
    DOI: 10.1007/s10100-011-0197-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10100-011-0197-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10100-011-0197-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. W. Brian Arthur & Geoffrey McNicoll, 1977. "Optimal Time Paths with Age-Dependence: A Theory of Population Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 44(1), pages 111-123.
    2. Dieter Grass & Jonathan P. Caulkins & Gustav Feichtinger & Gernot Tragler & Doris A. Behrens, 2008. "Optimal Control of Nonlinear Processes," Springer Books, Springer, number 978-3-540-77647-5, September.
    3. Maria Winkler-Dworak, 2008. "The Low Mortality of a Learned Society," European Journal of Population, Springer;European Association for Population Studies, vol. 24(4), pages 405-424, December.
    4. James W. Vaupel, 1981. "Over-Tenured Universities: The Mathematics of Reduction," Management Science, INFORMS, vol. 27(8), pages 904-913, August.
    5. S. Mitra, 1990. "Immigration, below-replacement fertility, and long-term national population trends," Demography, Springer;Population Association of America (PAA), vol. 27(1), pages 121-129, February.
    6. Gustav Feichtinger & Alexander Mehlmann, 1976. "The Recruitment Trajectory Corresponding to Particular Stock Sequences in Markovian Person-Flow Models," Mathematics of Operations Research, INFORMS, vol. 1(2), pages 175-184, May.
    7. repec:cai:poeine:pope_401_0081 is not listed on IDEAS
    8. Zheng Wu & Nan Li, 2003. "Immigration and the dependency ratio of a host population," Mathematical Population Studies, Taylor & Francis Journals, vol. 10(1), pages 21-39.
    9. Carl Schmertmann, 1992. "Immigrants’ ages and the structure of stationary populations with below-replacement fertility," Demography, Springer;Population Association of America (PAA), vol. 29(4), pages 595-612, November.
    10. Prskawetz, Alexia & Veliov, Vladimir M., 2007. "Age-specific dynamic labor demand and human capital investment," Journal of Economic Dynamics and Control, Elsevier, vol. 31(12), pages 3741-3777, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gustav Feichtinger & Dieter Grass & Maria Winkler-Dworak, 2020. "The mathematics of ageing:," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(2), pages 371-399, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Simon, C. & Belyakov, A.O. & Feichtinger, G., 2012. "Minimizing the dependency ratio in a population with below-replacement fertility through immigration," Theoretical Population Biology, Elsevier, vol. 82(3), pages 158-169.
    2. Carl Schmertmann, 2012. "Stationary populations with below-replacement fertility," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 26(14), pages 319-330.
    3. Frank T. Denton & Byron G. Spencer, 2005. "Population Aging and the Macroeconomy: Explorations in the Use of Immigration as an Instrument of Control," Social and Economic Dimensions of an Aging Population Research Papers 135, McMaster University.
    4. Gustav Feichtinger & Dieter Grass & Maria Winkler-Dworak, 2020. "The mathematics of ageing:," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(2), pages 371-399, June.
    5. Fouad El Ouardighi & Konstantin Kogan & Radu Vranceanu, 2013. "Publish or Teach ? : Analysis of the Professor's Optimal Career Plan," Working Papers hal-00823514, HAL.
    6. Miguel Sánchez-Romero & Alexia Prskawetz, 2020. "Optimal time allocation in active retirement," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 28(2), pages 401-424, June.
    7. repec:hal:journl:hal-00823514 is not listed on IDEAS
    8. Juha Alho, 2008. "Migration, fertility, and aging in stable populations," Demography, Springer;Population Association of America (PAA), vol. 45(3), pages 641-650, August.
    9. Gustav Feichtinger & Alexia Prskawetz & Fernando Riosmena & Inga Freund & Maria Winkler-Dworak, 2007. "On the age dynamics of learned societies - taking the example of the Austrian Academy Sciences," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 5(1), pages 107-131.
    10. Mariangela Bonasia & Rita De Siano, 2016. "Population Dynamics and Regional Social Security Sustainability in Italy," Regional Studies, Taylor & Francis Journals, vol. 50(1), pages 124-136, January.
    11. Herbert Dawid & Engelbert Dockner & Richard Hartl & Josef Haunschmied & Ulrike Leopold-Wildburger & Mikulas Luptacik & Alexander Mehlmann & Alexia Prskawetz & Marion Rauner & Gerhard Sorger & Gernot T, 2010. "Gustav Feichtinger celebrates his 70th birthday," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(4), pages 437-451, December.
    12. El Ouardighi, Fouad & Kogan, Konstantin & Vranceanu, Radu, 2013. "Publish or teach? Analysis of the professor's optimal career path," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 1995-2009.
    13. Maria Arvaniti & Chandra K. Krishnamurthy & Anne-Sophie Crépin, 2019. "Time-consistent resource management with regime shifts," CER-ETH Economics working paper series 19/329, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    14. Wrzaczek, Stefan & Kuhn, Michael & Prskawetz, Alexia & Feichtinger, Gustav, 2010. "The reproductive value in distributed optimal control models," Theoretical Population Biology, Elsevier, vol. 77(3), pages 164-170.
    15. A. J. Novak & G. Feichtinger & G. Leitmann, 2010. "A Differential Game Related to Terrorism: Nash and Stackelberg Strategies," Journal of Optimization Theory and Applications, Springer, vol. 144(3), pages 533-555, March.
    16. Dieter Grass, 2015. "From 0D to 1D spatial models using OCMat," Papers 1505.03956, arXiv.org.
    17. Stelter, Robert, 2014. "Over-aging: Are present human populations too old?," Thuenen-Series of Applied Economic Theory 137, University of Rostock, Institute of Economics.
    18. Brito, Paulo B. & Costa, Luís F. & Dixon, Huw, 2013. "Non-smooth dynamics and multiple equilibria in a Cournot–Ramsey model with endogenous markups," Journal of Economic Dynamics and Control, Elsevier, vol. 37(11), pages 2287-2306.
    19. Hinloopen, J. & Smrkolj, G. & Wagener, F.O.O., 2013. "In Defense of Trusts: R&D Cooperation in Global Perspective," CeNDEF Working Papers 13-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    20. Kredler, Matthias, 2014. "Vintage human capital and learning curves," Journal of Economic Dynamics and Control, Elsevier, vol. 40(C), pages 154-178.
    21. Kuhn, Michael & Wrzaczek, Stefan & Prskawetz, Alexia & Feichtinger, Gustav, 2011. "Externalities in a life cycle model with endogenous survival," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 627-641.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:cejnor:v:20:y:2012:i:4:p:649-677. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.