Oswald, Andrew J.; Proto, Eugenio; Sgroi, Daniel - Institute for the Study of Labor (IZA) - 2009
The paper provides evidence that happiness raises productivity. In Experiment 1, a randomized trial is designed. Some subjects have their happiness levels increased, while those in a control group do not. Treated subjects have 12% greater productivity in a paid piece-rate Niederle-Vesterlund...