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An economic model of work-related stress

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  • Greiner, Alfred

Abstract

In this paper we present an economic model of optimal consumption and labor supply where we assume that working may generate stress that affects the well-being of the representative individual. As to stress we posit that it is influenced by cumulated past labor and capital. The latter reflects the fact that work-related stress evolves gradually over time and that it is more likely to occur in modern societies. Using optimal control theory we demonstrate that sustained cycles may result. Further, we numerically compute the global optimal value function and give a representation of the limit cycle.

Suggested Citation

  • Greiner, Alfred, 2008. "An economic model of work-related stress," Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 335-346, May.
  • Handle: RePEc:eee:jeborg:v:66:y:2008:i:2:p:335-346
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    References listed on IDEAS

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    1. Engelbert Dockner & Gustav Feichtinger, 1991. "On the optimality of limit cycles in dynamic economic systems," Journal of Economics, Springer, pages 31-50.
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    Cited by:

    1. David W. Johnston & Wang-Sheng Lee, 2013. "Extra Status and Extra Stress: Are Promotions Good for Us?," ILR Review, Cornell University, ILR School, pages 32-54.
    2. David W. Johnston & Wang-Sheng Lee, 2013. "Extra Status and Extra Stress: Are Promotions Good for Us?," ILR Review, Cornell University, ILR School, pages 32-54.
    3. Pierre Mohnen & Jacques Mairesse & Marcel Dagenais, 2006. "Innovativity: A comparison across seven European countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(4-5), pages 391-413.
    4. Cowan, Robin & Sanditov, Bulat & Weehuizen, Rifka, 2011. "Productivity effects of innovation, stress and social relations," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 165-182, August.

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