IDEAS home Printed from https://ideas.repec.org/a/eee/jeborg/v66y2008i2p335-346.html
   My bibliography  Save this article

An economic model of work-related stress

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0167-2681(06)00297-6
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Leontaridi, Rannia M. & Melanie E. Ward, 2002. "Dying to work? An investigation into work-related stress, quitting intentions and absenteeism," Royal Economic Society Annual Conference 2002 126, Royal Economic Society.
    2. Engelbert Dockner & Gustav Feichtinger, 1991. "On the optimality of limit cycles in dynamic economic systems," Journal of Economics, Springer, vol. 53(1), pages 31-50, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. David W. Johnston & Wang-Sheng Lee, 2013. "Extra Status and Extra Stress: Are Promotions Good for Us?," ILR Review, Cornell University, ILR School, vol. 66(1), pages 32-54, January.
    3. Uchenna C. Ugwu & Emmanuel K. Nwala & Uchechukwu A. Ezugwu & Nnagozie Chukwuebuka, 2020. "Effect of Rational-Emotive Distress Management Intervention on Work-Related Emotional Distress among Primary Healthcare Workers," Global Journal of Health Science, Canadian Center of Science and Education, vol. 12(10), pages 1-1, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gaowang Wang & Heng-fu Zou, 2010. "Multiple Equilibria and Indeterminacy in an Optimal Growth Model with Endogenous Capital Depreciation," CEMA Working Papers 392, China Economics and Management Academy, Central University of Finance and Economics.
    2. Matsumoto, Akio, 1998. "Non-linear structure of a Metzlerian inventory cycle model," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 481-492, January.
    3. Can Askan Mavi, 2017. "What Can Abrupt Events Tell Us About Sustainability ?," Working Papers hal-01628682, HAL.
    4. El Ouardighi, Fouad & Kogan, Konstantin & Boucekkine, Raouf, 2017. "Optimal Recycling Under Heterogeneous Waste Sources and the Environmental Kuznets Curve," ESSEC Working Papers WP1711, ESSEC Research Center, ESSEC Business School.
    5. Lambertini, Luca & Orsini, Raimondello & Palestini, Arsen, 2017. "On the instability of the R&D portfolio in a dynamic monopoly. Or, one cannot get two eggs in one basket," International Journal of Production Economics, Elsevier, vol. 193(C), pages 703-712.
    6. Hubert Stahn & Agnès Tomini, 2015. "Rainwater Harvesting under Endogenous Capacity of Storage : a Solution to Aquifer Preservation," Annals of Economics and Statistics, GENES, issue 119-120, pages 209-234.
    7. Dawid, Herbert & Keoula, Michel Y. & Kopel, Michael & Kort, Peter M., 2015. "Product innovation incentives by an incumbent firm: A dynamic analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 117(C), pages 411-438.
    8. Stefano Bosi & David Desmarchelier, 2017. "A simple method to study local bifurcations of three and four-dimensional systems: characterizations and economic applications," Working Papers 2017.16, FAERE - French Association of Environmental and Resource Economists.
    9. Sun, Ruoyan, 2016. "Optimal weight based on energy imbalance and utility maximization," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 442(C), pages 429-435.
    10. Luca Lambertini & Raimondello Orsini, 2015. "Quality Improvement and Process Innovation in Monopoly: A Dynamic Analysis," Working Paper series 15-12, Rimini Centre for Economic Analysis.
    11. Bertinelli, Luisito & Cardi, Olivier & Sen, Partha, 2013. "Deregulation shock in product market and unemployment," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 711-734.
    12. George, Halkos E. & George, Papageorgiou J. & Emmanuel, Halkos G. & John, Papageorgiou G., 2019. "Environmental regulation and economic cycles," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 172-177.
    13. Greiner, Alfred & Feichtinger, Gustav & Haunschmied, Josef L. & Kort, Peter M. & Hartl, Richard F., 2001. "Optimal periodic development of a pollution generating tourism industry," European Journal of Operational Research, Elsevier, vol. 134(3), pages 582-591, November.
    14. Fouad El Ouardighi & Hassan Benchekroun & Dieter Grass, 2016. "Self-regenerating environmental absorption efficiency and the $$\varvec{ soylent~green~scenario}$$ s o y l e n t g r e e n s c e n a r i o," Annals of Operations Research, Springer, vol. 238(1), pages 179-198, March.
    15. Atif Atique Siddiqui & Raja Ahmed Jamil, 2015. "Antecedents of Employees’ Turnover Intentions: Evidence from Private Educational Institutions," American Journal of Economics and Business Administration, Science Publications, vol. 7(4), pages 160-165, November.
    16. Halkos, George E. & Papageorgiou, George J. & Halkos, Emmanuel G. & Papageorgiou, John G., 2020. "Public debt games with corruption and tax evasion," Economic Analysis and Policy, Elsevier, vol. 66(C), pages 250-261.
    17. William A. Barnett & Yijun He & ., 1999. "Stabilization Policy as Bifurcation Selection: Would Keynesian Policy Work if the World Really were Keynesian?," Macroeconomics 9906008, University Library of Munich, Germany.
    18. Becchetti, Leonardo & Solferino, Nazaria & Tessitore, Maria Elisabetta, 2014. "A dynamic model of Gambling addiction with social costs: theory and policy solutions," AICCON Working Papers 133-2014, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
    19. Olivier Cardi, 2009. "Habit persistence and effectiveness of fiscal policy in an open economy," Working Papers hal-00420138, HAL.
    20. Stefano Bosi & David Desmarchelier & Thai Ha‐Huy, 2022. "Wheels and cycles: Suboptimality and volatility of corrupted economies," International Journal of Economic Theory, The International Society for Economic Theory, vol. 18(4), pages 440-460, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:66:y:2008:i:2:p:335-346. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jebo .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.