Abstract
A continuous time model using optimal control techniques is presented which implies that a scientist's productivity will eventually decline with age. This implication is at variance withCole's empirical findings1 but is consistent withDiamond's empirical findings.2
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References
S. COLE, Age and scientific performance,American Journal of Sociology 84 (1979) 958.
A. M. DIAMOND, JR, The life-cycle research productivity of mathematicians and scientists,The Journal of Gerontology, 41 (1986) 520.
A. M. DIAMOND, JR, An economic model of the life-cycle research productivity of scientists,Scientometrics, 6 (1984) 189.
R. E. MILLER,Dynamic Optimization and Economic Applications, New York, McGraw-Hill Co., 1979.
Y. BEN-PORATH, The production of human capital and the life-cycle of earnings,Journal of Political Economy, 75 (1967) 352.
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Diamond, A.M. An optimal control model of the life-cycle research productivity of scientists. Scientometrics 11, 251–253 (1987). https://doi.org/10.1007/BF02016595
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DOI: https://doi.org/10.1007/BF02016595
Keywords
- Continuous Time
- Empirical Finding
- Research Productivity
- Control Model
- Time Model