Work-Life Balance and the Individuals’ Labour Supply Cover Image

Work-Life Balance and the Individuals’ Labour Supply
Work-Life Balance and the Individuals’ Labour Supply

Author(s): NINA STEPANOK
Subject(s): Human Resources in Economy, Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: work-life balance; labour supply; working time;

Summary/Abstract: Theoretical background: In the turbulent conditions of today’s world, individuals seek stability andharmony, making the problem of work-life balance particularly vital. The issue of work-life balance is atthe intersection of economic behaviour and the emotional state of the individual. Each component of thework-life system is fundamentally important for individuals, but the desire for a high level of consumptionand ensuring financial security may push them to skew the balance in favour of work. However, a higherlevel of wages could provide sufficient levels of consumption for individuals and return to the desiredwork-life balance through the choice of free time for non-work activities.Purpose of the article: The purpose of this article is to investigate the labour supply of individuals thatseek to maintain a life-work balance.Research methods: A model was constructed and analyzed in order to find the optimal labor supply ofan individual, taking into account time free from work. As part of the study, a survey was also conductedamong 200 individuals in Poland in 2024, which revealed some personal and psychological aspects regard-ing work-life balance among the respondents.Main findings: The analysis of the constructed model, as well as the survey conducted among individuals,proves that the higher the wage level, the more individuals are willing to supply their labour. With theneed to maintain individuals’ work-life balance, the motivational function of wages remains crucial. Theresults also show that individuals with alternative sources of income have more opportunities to maintaina work-life balance.

  • Issue Year: LVIII/2024
  • Issue No: 5
  • Page Range: 121-134
  • Page Count: 14
  • Language: English
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