@techreport{2b9d14ef8ac24ef49d6e6f24ec6ef052,
title = "Dundee Discussion Papers in Economics 233: Life-cycle, effort and academic deadwood",
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.",
keywords = "Deadwood, Aging, Optimal stopping, Salary schemes",
author = "Yu-Fu Chen and Gylfi Zoega",
year = "2010",
language = "English",
series = "Dundee Discussion Papers in Economics",
publisher = "University of Dundee",
number = "233",
type = "WorkingPaper",
institution = "University of Dundee",
}