A decision-making model for workload/salary choices and their effect on well-being
AbstractWe propose a career decision-making model to examine employees' well-being and understand why in developed countries rising incomes are accompanied by increasing workloads, rising social problems and stagnant satisfaction. The model applies prospect theory to people's career choices under uncertainty, and specifically to scenarios where workload is expressed through qualitative expressions. We argue that uncertainty leads to systematic over-evaluation of some well-being predictors (salary) over others (friends and family). A research agenda and some potential solutions are also discussed.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
Volume (Year): 37 (2008)
Issue (Month): 5 (October)
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Web page: http://www.elsevier.com/locate/inca/620175
Decision-making Utility indifference curves Well-being Labor economics Prospect theory;
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