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Life-Cycle, Effort and Academic Deadwood

Author

Listed:
  • 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.

Suggested Citation

  • Chen, Yu-Fu & Zoega, Gylfi, 2010. "Life-Cycle, Effort and Academic Deadwood," SIRE Discussion Papers 2010-28, Scottish Institute for Research in Economics (SIRE).
  • Handle: RePEc:edn:sirdps:160
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    File URL: http://hdl.handle.net/10943/160
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    References listed on IDEAS

    as
    1. Chen, Yu-Fu & Zoega, Gylfi, 2010. "An essay on the generational effect of employment protection," Mathematical Social Sciences, Elsevier, pages 349-359.
    2. Alison L. Booth & Gylfi Zoega, 2004. "Is wage compression a necessary condition for firm-financed general training?," Oxford Economic Papers, Oxford University Press, vol. 56(1), pages 88-97, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Deadwood; aging; optimal stopping; salary schemes;

    JEL classification:

    • 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

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