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Life-Cycle, Effort and Academic Deadwood

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  • Yu-Fu Chen

    (University of Dundee)

  • Gylfi Zoega

    (Department of Economics, Mathematics & Statistics, Birkbeck)

Abstract

It has been observed that university professors sometimes become less research active in their mature years. This paper models the decision to become inactive as a utility maximising problem under conditions of uncertainty and derives an age-dependent inactivity condition for the level of research productivity. The economic analysis is applicable to other professions as well were work effort is difficult to observe along some dimensions.

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File URL: http://www.ems.bbk.ac.uk/research/wp/2010/PDFs/BWPEF1009.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by Birkbeck, Department of Economics, Mathematics & Statistics in its series Birkbeck Working Papers in Economics and Finance with number 1009.

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Date of creation: Apr 2010
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Handle: RePEc:bbk:bbkefp:1009

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  1. Chen, Yu-Fu & Zoega, Gylfi, 2010. "An essay on the generational effect of employment protection," Mathematical Social Sciences, Elsevier, vol. 59(3), pages 349-359, May.
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  1. How to avoid academic deadwood
    by Economic Logician in Economic Logic on 2010-05-31 15:20:00

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