TY  - JOUR
AU  - Hamermesh,Daniel S.
TI  - Aging and Productivity, Rationality and Matching: Evidence from         Economists
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4906
PY  - 1994
Y2  - October 1994
UR  - http://www.nber.org/papers/w4906
L1  - http://www.nber.org/papers/w4906.pdf
N1  - Author contact info:
Daniel S. Hamermesh
Department of Economics
University of Texas
Austin, TX 78712-1173
Tel: 512/475-8526
Fax: 512/471-3510
E-Mail: hamermes@eco.utexas.edu
AB  - Economists' productivity, as measured by publication in leading journals, declines very sharply with age.  Additional evidence shows that this is a rational response to economic incentives and/or changing physical or mental abilities:  There is no difference by age in the probability that an article submitted to a leading journal will be accepted.  The probability of acceptance does show increasing heterogeneity with age that is related to the author's quality, consistent with models of optimal investment in human capital and especially with occupational matching models.
ER  -