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Health, Work Intensity, and Technological Innovations

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Work significantly affects human life and health. Overworking may decrease the quality of life and cause direct economic losses. Technological innovations encourage modernization of firms’ capital and improve labor productivity in the workplace. The paper investigates the optimal individual choice of work intensity under improving technology embodied in new equipment leading to shorter lifetime of capital goods (obsolescence). The balanced growth trajectories are analyzed in this context to find out, in particular, how the optimal choice of work intensity is tied to the rate of embodied technological change. The impact of embodied technological advances on the work/life balance problem is discussed and their macroeconomic consequences are highlighted.

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File URL: http://www.amse-aixmarseille.fr/sites/default/files/_dt/2012/wp_2013_-_nr_20.pdf
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Paper provided by Aix-Marseille School of Economics, Marseille, France in its series AMSE Working Papers with number 1320.

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Length: 21 pages
Date of creation: Mar 2013
Date of revision: Mar 2013
Handle: RePEc:aim:wpaimx:1320

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Web page: http://www.amse-aixmarseille.fr/en
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Keywords: work-life balance; rational individual choice; technological development; vintage capital.;

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  1. Boucekkine, Raouf & Germain, Marc & Licandro, Omar, 1997. "Replacement Echoes in the Vintage Capital Growth Model," Journal of Economic Theory, Elsevier, vol. 74(2), pages 333-348, June.
  2. Raouf Boucekkine & Natali Hritonenko & Yuri Yatsenko, 2013. "On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply," AMSE Working Papers 1303, Aix-Marseille School of Economics, Marseille, France, revised 05 Feb 2013.
  3. BOUCEKKINE, Raouf & HRITONENKO, Natali & YATSENKO, Yuri, . "Scarcity, regulation and endogenous technical progress," CORE Discussion Papers RP -2334, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Paul Osterman, 1994. "How common is workplace transformation and who adopts it?," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 47(2), pages 173-188, January.
  5. Natali Hritonenko & Yuri Yatsenko, 2010. "Age-Structured PDEs in Economics, Ecology, and Demography: Optimal Control and Sustainability," Mathematical Population Studies, Taylor & Francis Journals, vol. 17(4), pages 191-214.
  6. Raouf, BOUCEKKINE & Patricia, CRIFO, 2003. "Human Capital Accumulation and the Transition from Specialisation to Multi-tasking," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003020, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  7. BOUCEKKINE, Raouf & GERMAIN, Marc & LICANDRO, Omar & MAGNUS, Alphonse, . "Creative destruction, investment volatility, and the average age of capital," CORE Discussion Papers RP -1376, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. repec:cor:louvrp:2205 is not listed on IDEAS
  9. Robert J. Barro & Xavier Sala-i-Martin, 2003. "Economic Growth, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262025531, December.
  10. YATSENKO, Yuri & BOUCEKKINE, Raouf & HRITONENKO, Natali, . "On explosive dynamics in R&D-based models of endogenous growth," CORE Discussion Papers RP -2205, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  11. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
  12. Ehrlich, Isaac & Chuma, Hiroyuki, 1990. "A Model of the Demand for Longevity and the Value of Life Extension," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 761-82, August.
  13. Hritonenko, Natali & Yatsenko, Yuri, 2010. "Technological innovations, economic renovation, and anticipation effects," Journal of Mathematical Economics, Elsevier, vol. 46(6), pages 1064-1078, November.
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