Economists' productivity, as measured by publication in leading journals, declines very sharply with age. Additional evidence shows that this is a rational response to economic incentives and/or changing physical or mental abilities: There is no difference by age in the probability that an article submitted to a leading journal will be accepted. The probability of acceptance does show increasing heterogeneity with age that is related to the author's quality, consistent with models of optimal investment in human capital and especially with occupational matching models.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
4906.
Length: Date of creation: Oct 1994 Date of revision: Publication status: published as "Aging and Productivity among Economists: Note" Oster, Sharon M.; Hamermesh, Daniel S.; Review of Economics and Statistics, February 1998, v. 80, iss. 1, pp. 154-56 Handle: RePEc:nbr:nberwo:4906
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Find related papers by JEL classification: J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
References listed on IDEAS 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.:
Stigler, George J & Stigler, Stephen M & Friedland, Claire, 1995.
"The Journals of Economics,"
Journal of Political Economy,
University of Chicago Press, vol. 103(2), pages 331-59, April.
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