Life-cycle, effort and academic deadwood

Yu-Fu Chen, Gylfi Zoega

    Research output: Working paperDiscussion paper

    94 Downloads (Pure)

    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.
    Original languageEnglish
    PublisherUniversity of Dundee
    Publication statusPublished - 2010

    Publication series

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

    Keywords

    • Deadwood
    • Aging
    • Optimal stopping
    • Salary schemes

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