期刊名称:IoES Working Paper Series / Institute of Economic Studies, University of Iceland
出版年度:2010
卷号:2010
出版社:niversity of Iceland
摘要: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 confirm 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.