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    Life-cycle, effort and academic deadwood

    Chen, Y.-F. and Zoega, Gylfi (2010) Life-cycle, effort and academic deadwood. Working Paper. Birkbeck College, University of London, London, UK.

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    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.

    Metadata

    Item Type: Monograph (Working Paper)
    Keyword(s) / Subject(s): Deadwood, aging, optimal stopping, salary schemes
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 20 Jun 2013 14:35
    Last Modified: 07 Dec 2016 14:54
    URI: http://eprints.bbk.ac.uk/id/eprint/7545

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