Mohanty, Madhu S.; Ullah, Aman - In: Journal of Behavioral and Experimental Economics … 41 (2012) 2, pp. 143-152
Using data from the United Sates National Longitudinal Survey of Youth (NLSY79) and following a two-stage method, the current study estimates wage, schooling and happiness equations simultaneously and demonstrates that happiness affects the worker's wage not only directly, but also indirectly...