Life-Cycle, Effort and Academic Deadwood
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.
Year of publication: |
2010-04
|
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Authors: | Chen, Yu-Fu ; Zoega, Gylfi |
Institutions: | Birkbeck, Department of Economics, Mathematics & Statistics |
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