Life-Cycle, Effort and Academic Deadwood
AbstractIt 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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Bibliographic InfoPaper provided by Scottish Institute for Research in Economics (SIRE) in its series SIRE Discussion Papers with number 2010-28.
Date of creation: 2010
Date of revision:
Deadwood; aging; optimal stopping; salary schemes;
Other versions of this item:
- Yu-Fu Chen & Gylfi Zoega, 2010. "Life-Cycle, Effort and Academic Deadwood," Birkbeck Working Papers in Economics and Finance 1009, Birkbeck, Department of Economics, Mathematics & Statistics.
- Yu-Fu Chen & Gylfi Zoega, 2010. "Life-Cycle, Effort and Academic Deadwood," Dundee Discussion Papers in Economics 233, Economic Studies, University of Dundee.
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- 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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