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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Official URL: http://www.ems.bbk.ac.uk/research/wp/2010/1009
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 Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Applied Macroeconomics, Birkbeck Centre for |
| Depositing User: | Administrator |
| Date Deposited: | 20 Jun 2013 14:35 |
| Last Modified: | 02 Aug 2023 17:05 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/7545 |
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