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Life-Cycle, Effort and Academic Deadwood

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  • Chen, Yu-Fu
  • Zoega, Gylfi

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://repo.sire.ac.uk/handle/10943/160
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Bibliographic Info

Paper provided by Scottish Institute for Research in Economics (SIRE) in its series SIRE Discussion Papers with number 2010-28.

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Date of creation: 2010
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Handle: RePEc:edn:sirdps:160

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Related research

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

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References

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  1. Booth, Alison L & Zoega, Gylfi, 2001. "Is Wage Compression a Necessary Condition for Firm-Financed General Training?," CEPR Discussion Papers 2845, C.E.P.R. Discussion Papers.
  2. Yu-Fu Chen & Gylfi Zoega, 2009. "An essay on the generational effect of employment protection," Birkbeck Working Papers in Economics and Finance 0915, Birkbeck, Department of Economics, Mathematics & Statistics.
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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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  1. Economic Logic blog

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