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Life-cycle, effort and academic deadwood

Life-cycle, effort and academic deadwood

Research output: Working paperDiscussion paper

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Original languageEnglish
PublisherUniversity of Dundee
Publication date2010
StatePublished

Publication series

NameDundee Discussion Papers in Economics
PublisherUniversity of Dundee
No.233
ISSN (Print)1473-236X

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.

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