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Stress and Incentives at Work

Elena Cottini (), Paolo Ghinetti (), Elisabetta Iossa and Pierluigi Sacco
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Elena Cottini: Università Cattolica del Sacro Cuore

No def097, DISCE - Working Papers del Dipartimento di Economia e Finanza from Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE)

Abstract: An extensive medical and occupational-health literature finds that an imbalance between effort and reward is an important stressor which produces serious health consequences. We incorporate these effects in a simple agency model with moral hazard and limitecl liability, and study their impact on the agent's effort and utility, assuming that agents differ in their stress susceptibility. We test our predictions using the 2015 wave of the European Working Condition Survey. We find that individuals who are more susceptible to stress work harder and have lower subjective well-being.

Keywords: Effort-Reward Imbalance; incentives; stress; subjective well-being. (search for similar items in EconPapers)
JEL-codes: J33 L2 (search for similar items in EconPapers)
Pages: 25
Date: 2021-01
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