Life-Cycle, Effort and Academic Deadwood

Yu-Fu Chen and Gylfi Zoega

No 2010-28, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)

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 (search for similar items in EconPapers)
Date: 2010
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http://hdl.handle.net/10943/160
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Related works:
Working Paper: Life-Cycle, Effort and Academic Deadwood (2010)
Working Paper: Life-Cycle, Effort and Academic Deadwood (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:160

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