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Life-Cycle, Effort and Academic Deadwood

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  • Yu-Fu Chen
  • Gylfi Zoega

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.dundee.ac.uk/media/dundeewebsite/economicstudies/documents/discussion/DDPE_233.pdf
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Bibliographic Info

Paper provided by Economic Studies, University of Dundee in its series Dundee Discussion Papers in Economics with number 233.

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Length: 20 pages
Date of creation: Apr 2010
Date of revision:
Handle: RePEc:dun:dpaper:233

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Related research

Keywords: Deadwood; aging; optimal stopping; salary schemes;

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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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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. How to avoid academic deadwood
    by Economic Logician in Economic Logic on 2010-05-31 15:20:00

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