Optimal scientific production over the life cycle

Feichtinger G, Grass D, & Kort PM (2019). Optimal scientific production over the life cycle. Journal of Economic Dynamics and Control 108: e103752. DOI:10.1016/j.jedc.2019.103752.

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Abstract

The paper develops an optimization model of the career of a scientist. Recognizing that research efforts and networking get more efficient if the scientist is more knowledgeable, history dependent solutions are developed. We give a theoretical underpinning of the four different research patterns detected in Way et al. (2017, Proceedings of the National Academy of Sciences). If the scientist does not bother about his reputation at the end of his career, we show that a sufficient education level is needed for the scientist to develop a typical research pattern where productivity increases in the beginning of his career, while it declines towards retirement. If the education level is not sufficient, a fading research pattern will result where productivity declines over time. On the other hand, when the scientist appreciates to have a good reputation at the end of his career, sufficient education will result in increasing productivity over the career lifetime, preventing a midlife slump.

Item Type: Article
Research Programs: Advanced Systems Analysis (ASA)
Depositing User: Luke Kirwan
Date Deposited: 17 Sep 2019 06:01
Last Modified: 30 Sep 2019 05:49
URI: http://pure.iiasa.ac.at/16071

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