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Life-Cycle, Effort and Academic Deadwood

  • Yu-Fu Chen

    (University of Dundee)

  • Gylfi Zoega

    (Department of Economics, Mathematics & Statistics, Birkbeck)

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.bbk.ac.uk/ems/research/wp/2010/PDFs/BWPEF1009.pdf
File Function: First version, 2010
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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. 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.
  2. 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.
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