Life-Cycle, Effort and Academic Inactivity
It has been observed that university professors sometimes become less research active in their later years. This paper models the decision to become inactive as a utility maximising problem under conditions of uncertainty and derives an age-dependent activity condition for the level of research prod...
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ftsire:oai:repo.sire.ac.uk:10943/268 2023-05-15T16:48:59+02:00 Life-Cycle, Effort and Academic Inactivity Chen, Yu-Fu Zoeg, Gylfi 2011 http://hdl.handle.net/10943/268 unknown University of Dundee University of Iceland SIRE DISCUSSION PAPER;SIRE-DP-2011-27 http://hdl.handle.net/10943/268 Inactivity aging optimal stopping Working Paper 2011 ftsire 2020-01-03T07:02:45Z It has been observed that university professors sometimes become less research active in their later years. This paper models the decision to become inactive as a utility maximising problem under conditions of uncertainty and derives an age-dependent activity condition for the level of research productivity. The model implies that professors who are close to retirement age are more likely to become inactive when faced with setbacks in their research while those who continue research do not lower their activity levels. Using data from the University of Iceland, we find support for the model’s predictions. The model suggests that universities should induce their older faculty to remain research active by striving to make their research more productive and enjoyable, maintaining peer pressure, reducing job security and offering higher performance related pay. Report Iceland Scottish Institute for Research in Economics (SIRE) |
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Scottish Institute for Research in Economics (SIRE) |
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ftsire |
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topic |
Inactivity aging optimal stopping |
spellingShingle |
Inactivity aging optimal stopping Chen, Yu-Fu Zoeg, Gylfi Life-Cycle, Effort and Academic Inactivity |
topic_facet |
Inactivity aging optimal stopping |
description |
It has been observed that university professors sometimes become less research active in their later years. This paper models the decision to become inactive as a utility maximising problem under conditions of uncertainty and derives an age-dependent activity condition for the level of research productivity. The model implies that professors who are close to retirement age are more likely to become inactive when faced with setbacks in their research while those who continue research do not lower their activity levels. Using data from the University of Iceland, we find support for the model’s predictions. The model suggests that universities should induce their older faculty to remain research active by striving to make their research more productive and enjoyable, maintaining peer pressure, reducing job security and offering higher performance related pay. |
format |
Report |
author |
Chen, Yu-Fu Zoeg, Gylfi |
author_facet |
Chen, Yu-Fu Zoeg, Gylfi |
author_sort |
Chen, Yu-Fu |
title |
Life-Cycle, Effort and Academic Inactivity |
title_short |
Life-Cycle, Effort and Academic Inactivity |
title_full |
Life-Cycle, Effort and Academic Inactivity |
title_fullStr |
Life-Cycle, Effort and Academic Inactivity |
title_full_unstemmed |
Life-Cycle, Effort and Academic Inactivity |
title_sort |
life-cycle, effort and academic inactivity |
publisher |
University of Dundee |
publishDate |
2011 |
url |
http://hdl.handle.net/10943/268 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
SIRE DISCUSSION PAPER;SIRE-DP-2011-27 http://hdl.handle.net/10943/268 |
_version_ |
1766039053759676416 |