Degree Name
BS
Department
Economics
College
Family, Home, and Social Sciences
Defense Date
2025-12-08
Publication Date
2025-12-09
First Faculty Advisor
Christian vom Lehn
First Faculty Reader
Brennan Platt
Honors Coordinator
Joseph P. Price
Keywords
occupational choice, preference heterogeneity, automation, paid leave
Abstract
I study the relationship that preferences for meaningful work—work that provides utility through more than just income—have with wages and time spent working in a variety of scenarios by developing, calibrating, and validating a Roy-inspired structural model of occupational choice where heterogeneous households choose to provide standard and "meaningful" work, where each type of labor has a distinct wage. Within the framework of the model, I find that meaningful work is associated with lower wages and higher hours; that in response to exogenous transfers, households will work less overall but spend more time on meaningful work; that policies that mandate expanded non-wage benefits lead to households moving to more meaningful careers; and that automating meaningful labor is less effective than standard labor. I validate several of these relationships using General Social Survey (GSS) and American Community Survey (ACS) data.
BYU ScholarsArchive Citation
Bay, Lincoln N., "Meaningful Work" (2025). Undergraduate Honors Theses. 469.
https://scholarsarchive.byu.edu/studentpub_uht/469