Why do older scholars slow down?

Using data describing all “Top 5” economics journal publications from 1969 to 2018, we examine what determines which authors produce less as they age and which retire earlier. Sub‐field has no impact on the rate of production, but interacts with it to alter retirement probabilities. A positive, tentative, and contemporary writing style increases persistence in publishing. Authors whose previous work was more heavily cited produce slightly more. Those better‐cited with more top‐flight publications retire later than others. Declining publication with age arises mostly from habit—there is a very significant increasing positive autocorrelation of publication across the decades of a career.