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Life Satisfaction, Income and Personality

Proto, Eugenio; Rustichini, Aldo - Institute for the Study of Labor (IZA) - 2015

traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and … punishment, is strong in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism increases the … usually observed concavity of the relationship: individuals with a higher neuroticism score enjoy extra income more than those …

Persistent link: https://www.econbiz.de/10011168446

Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects

De Neve, Jan-Emmanuel; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2012

of obtaining a college degree, getting hired and promoted, having higher degrees of optimism and extraversion, and less … neuroticism. …

Persistent link: https://www.econbiz.de/10010705552

Happiness and Productivity

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...

Persistent link: https://www.econbiz.de/10008550014

Affect as a Source of Motivation in the Workplace: A New Model of Labor Supply, and New Field Evidence on Income Targeting and the Goal Gradient

Goette, Lorenz; Huffman, David - Institute for the Study of Labor (IZA) - 2005

In this chapter we propose a new, dual-process model of labor supply, which incorporates both cognitive and affective aspects of decision-making. Consistent with evidence from neuroscience, the worker may experience conflicting cognitive and affective motivations during the workday. In...

Persistent link: https://www.econbiz.de/10005763926

Integrating Personality Psychology into Economics

Heckman, James J. - Institute for the Study of Labor (IZA) - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology.

Persistent link: https://www.econbiz.de/10009278194

Workplace Job Satisfaction in Britain: Evidence from Linked Employer-Employee Data

Haile, Getinet Astatike - Institute for the Study of Labor (IZA) - 2009

This paper examines the determinants of job satisfaction in Britain using nationally representative linked employer-employee data (WERS2004) and alternative econometric techniques. It uses eight facets of job satisfaction for the purpose. As well as underscoring the importance of accounting for...

Persistent link: https://www.econbiz.de/10005822076

Reference Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence

Grund, Christian; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2005

The impact of wage increases on job satisfaction is explored theoretically and empirically. To do this, we apply a utility function that rises with the absolute wage level as well as with wage increases. It is shown that when employees can influence their wages by exerting effort, myopic utility...

Persistent link: https://www.econbiz.de/10005822174

Does Wage Rank Affect Employees’ Wellbeing?

Brown, Gordon D. A.; Gardner, Jonathan; Oswald, Andrew; … - Institute for the Study of Labor (IZA) - 2005

What makes workers happy? Here we argue that pure ‘rank’ matters. It is currently believed that wellbeing is determined partly by an individual’s absolute wage (say, 30,000 dollars a year) and partly by the individual’s relative wage (say, 30,000 dollars compared to an average in the...

Persistent link: https://www.econbiz.de/10005822606

Racial Harassment, Job Satisfaction and Intentions to Remain in the Military

Antecol, Heather; Cobb-Clark, Deborah - Institute for the Study of Labor (IZA) - 2005

Our results indicate that two-thirds of active-duty military personnel report experiencing offensive racial behaviors in the previous 12 months, while approximately one in ten report threatening racial incidents or career-related discrimination. Racial harassment significantly increases job...

Persistent link: https://www.econbiz.de/10005822685

Training, Job Satisfaction and Workplace Performance in Britain: Evidence from WERS 2004

Jones, Melanie K.; Jones, Richard J.; Latreille, Paul L.; … - Institute for the Study of Labor (IZA) - 2008

This paper analyses the relationship between training, job satisfaction and workplace performance using the British 2004 Workplace Employee Relations Survey (WERS). Several measures of performance are analysed including absence, quits, financial performance, labour productivity and product...

Persistent link: https://www.econbiz.de/10005822754

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