Stress and Coping: An Economic Approach

Klaus Wälde and Niklas Scheuer

VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy from Verein für Socialpolitik / German Economic Association

Abstract: We present a psychological model of stress. Appraisal translates stressors into subjective stress. Stress reduces instantaneous utility of an individual directly and via cognitive load. Coping can be under the control of the individual or more automatic. We predict the occurrence of uncontrolled coping .emotional outbursts .as a function of an individual´s theory-consistent personality and environment. We explain when stressors reduce income. We also explain under which conditions rising income does not go hand in hand with rising stress. First steps towards a theory of therapy show how stressed individuals can improve their well-being beyond standard coping measures.

Keywords: Stress; coping; personality; controlled vs. automatic reaction; emotional outbursts; income (search for similar items in EconPapers)
JEL-codes: D03 D91 I12 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-cbe and nep-evo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://www.econstor.eu/bitstream/10419/181509/1/VfS-2018-pid-11715.pdf (application/pdf)

Related works:
Working Paper: Stress and Coping - An Economic Approach (2018)
Working Paper: Stress and Coping - An Economic Approach (2015)
Working Paper: Stress and Coping - An Economic Approach (2015)
Working Paper: Stress and Coping - An Economic Approach (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc18:181509

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