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Health, Work Intensity, and Technological Innovations

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  • Raouf Boucekkine

    ()
    (AMSE - Aix-Marseille School of Economics - Aix-Marseille Univ. - Centre national de la recherche scientifique (CNRS) - Ecole des Hautes Etudes en Sciences Sociales (EHESS) - Ecole Centrale Marseille (ECM), IRES-CORE - Université Catholique de Louvain)

  • Natali Hritonenko

    ()
    (Prairie View - A&M University)

  • Yuri Yatsenko

    ()
    (School of business, Houston Baptist University - Houston Baptist University)

Abstract

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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Bibliographic Info

Paper provided by HAL in its series Working Papers with number halshs-00805199.

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Date of creation: Mar 2013
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Handle: RePEc:hal:wpaper:halshs-00805199

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Keywords: work-life balance; rational individual choice; technological development; vintage capital;

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  1. Boucekkine, Raouf, et al, 1998. " Creative Destruction, Investment Volatility, and the Average Age of Capital," Journal of Economic Growth, Springer, Springer, vol. 3(4), pages 361-84, December.
  2. Boucekkine, R. & Germain, M. & Licandro, O., . "Replacement echoes in the vintage capital growth model," CORE Discussion Papers RP, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) -1275, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. 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.
  4. Robert J. Barro & Rachel McCleary, 2003. "Religion and Economic Growth," NBER Working Papers 9682, National Bureau of Economic Research, Inc.
  5. BOUCEKKINE, Raouf & CRIFO, Patricia, 2003. "Human capital accumulation and the transition from specialization to multi-tasking," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2003080, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. Raouf Boucekkine & Marc Germain & Omar Licandro, . "Replacement echoes in the vintage capital growth model," Working Papers 96-16, FEDEA.
  7. Raouf BOUCEKKINE & Natali HRITONENKO & Yuri YATSENKO, 2010. "Scarcity, regulation and endogenous technical progress," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) 2010010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  8. 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.
  9. YATSENKO, Yuri & BOUCEKKINE, Raouf & HRITONENKO, Natali, . "On explosive dynamics in R&D-based models of endogenous growth," CORE Discussion Papers RP, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) -2205, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. R. Boucekkine & M. Germain & O. Licandro & A. Magnus, . "Creative destruction, investment volatility, and the average age of capital," Working Papers 97-08, FEDEA.
  11. Robert J. Barro & Xavier Sala-i-Martin, 2003. "Economic Growth, 2nd Edition," MIT Press Books, The MIT Press, The MIT Press, edition 2, volume 1, number 0262025531, December.
  12. Boucekkine Raouf & Hritonenko Natali & Yatsenko Yuri, 2013. "On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply," Mathematical Economics Letters, De Gruyter, De Gruyter, vol. 1(1), pages 3-7, October.
  13. repec:cor:louvrp:2205 is not listed on IDEAS
  14. 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, University of Chicago Press, vol. 98(4), pages 761-82, August.
  15. 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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