Income, happiness, and the disutility of labour
AbstractWe re-examine the claim that the income effect on happiness is downward biased because higher income demands more work effort. We find no evidence of an underestimation because the impact of working hours on happiness is rather small and hill-shaped.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 107 (2010)
Issue (Month): 1 (April)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ecolet
Happiness Life satisfaction Income Working hours;
Other versions of this item:
- Knabe, Andreas & Rätzel, Steffen, 2009. "Income, happiness, and the disutility of labor," Discussion Papers 2009/12, Free University Berlin, School of Business & Economics.
- Andreas Knabe & Steffen Rätzel, 2009. "Income, Happiness, and the Disutility of Labour," FEMM Working Papers 09010, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
- D60 - Microeconomics - - Welfare Economics - - - General
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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