An Economic Model of Work-Related Stress

20 Pages Posted: 25 Apr 2005

See all articles by Alfred Greiner

Alfred Greiner

Bielefeld University - Department of Business Administration and Economics

Date Written: March 30, 2005

Abstract

In this paper we present an economic model of optimal consumption and labour supply where we assume that working may generate stress which affects the well-being of the representative individual. As to stress we posit that it is influenced by cumulated past labour 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.

Keywords: Work-related stress, intertemporal optimization, limit cycles

JEL Classification: C61, D91, J22

Suggested Citation

Greiner, Alfred, An Economic Model of Work-Related Stress (March 30, 2005). Available at SSRN: https://ssrn.com/abstract=697241 or http://dx.doi.org/10.2139/ssrn.697241

Alfred Greiner (Contact Author)

Bielefeld University - Department of Business Administration and Economics ( email )

P.O. Box 100131
Bielefeld, 33501
Germany
+49 521 106 4859 (Phone)
+49 521 106 67120 (Fax)

HOME PAGE: http://phoenix.wiwi.uni-bielefeld.de/lehrbereiche/vwl/wipol

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