Life-Cycle, Effort and Academic Deadwood
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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- Booth, Alison L & Zoega, Gylfi, 2001.
"Is Wage Compression a Necessary Condition for Firm-Financed General Training?,"
CEPR Discussion Papers
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Mathematical Social Sciences,
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- 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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