EconPapers    
Economics at your fingertips  
 

Keeping a learned society young

Herbert Dawid, Gustav Feichtinger, Joshua Goldstein and Vladimir Veliov ()
Additional contact information
Joshua Goldstein: University of California, Berkeley

Demographic Research, 2009, vol. 20, issue 22, 541-558

Abstract: Aging organizations - regardless of whether they are firms, faculties, societies, political bodies, teams, or national academies - seek ways to rejuvenate. This paper demonstrates that the best way to keep an organization young is through a mixed strategy of recruiting both young and old, and that, contrary to intuition, recruiting those of middle age is the least effective strategy for maintaining a younger age structure. The aging of learned societies is a problem in many national academies. Faced with rising life expectancy, particularly for older persons, the average age of academy members is increasing. Another reason for "overaging" is an increase in the age at election. In an organization with a fixed size, the annual intake is strictly determined by the number of deaths and the statutory retirement age. This can, among many learned societies, lead to a fundamental dilemma: the desire to maintain a young age structure, while still guaranteeing a high recruitment rate. We derive an optimal recruitment policy which is bimodal, i.e., it entails shifting recruitment partly to younger ages and partly to older ages, while decreasing the recruitment of middle-aged candidates. Although the optimization problem explicitly involves only the average age and the recruitment rate as objectives, the methodology implicitly allows us to take into consideration all other objectives (formal or informal) used in the actual election practice.

Keywords: optimal control; fixed-size population; age-specific recruitment policy (search for similar items in EconPapers)
JEL-codes: J1 Z0 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.demographic-research.org/volumes/vol20/22/20-22.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dem:demres:v:20:y:2009:i:22

DOI: 10.4054/DemRes.2009.20.22

Access Statistics for this article

More articles in Demographic Research from Max Planck Institute for Demographic Research, Rostock, Germany
Bibliographic data for series maintained by Editorial Office ().

 
Page updated 2021-04-14
Handle: RePEc:dem:demres:v:20:y:2009:i:22