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When time is money: The effect of hourly payment on the evaluation of time

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  • DeVoe, Sanford E.
  • Pfeffer, Jeffrey

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  • DeVoe, Sanford E. & Pfeffer, Jeffrey, 2007. "When time is money: The effect of hourly payment on the evaluation of time," Organizational Behavior and Human Decision Processes, Elsevier, vol. 104(1), pages 1-13, September.
    • Handle: RePEc:eee:jobhdp:v:104:y:2007:i:1:p:1-13
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    References listed on IDEAS

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    1. Leclerc, France & Schmitt, Bernd H & Dube, Laurette, 1995. "Waiting Time and Decision Making: Is Time like Money?," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 22(1), pages 110-119, June.
    2. Heath, Chip, 1995. "Escalation and De-escalation of Commitment in Response to Sunk Costs: The Role of Budgeting in Mental Accounting," Organizational Behavior and Human Decision Processes, Elsevier, vol. 62(1), pages 38-54, April.
    3. Richard H. Thaler, 2008. "Mental Accounting and Consumer Choice," Marketing Science, INFORMS, vol. 27(1), pages 15-25, 01-02.
    4. Hsee, Christopher K., 1996. "The Evaluability Hypothesis: An Explanation for Preference Reversals between Joint and Separate Evaluations of Alternatives," Organizational Behavior and Human Decision Processes, Elsevier, vol. 67(3), pages 247-257, September.
    5. Heath, Chip & Soll, Jack B, 1996. "Mental Budgeting and Consumer Decisions," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 23(1), pages 40-52, June.
    6. Thaler, Richard, 1980. "Toward a positive theory of consumer choice," Journal of Economic Behavior & Organization, Elsevier, vol. 1(1), pages 39-60, March.
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    Cited by:

    1. Langan, Ryan & Kumar, Anand, 2019. "Time versus money: The role of perceived effort in consumers' evaluation of corporate giving," Journal of Business Research, Elsevier, vol. 99(C), pages 295-305.
    2. Pfeffer, Jeffrey & DeVoe, Sanford E., 2009. "Economic evaluation: The effect of money and economics on attitudes about volunteering," Journal of Economic Psychology, Elsevier, vol. 30(3), pages 500-508, June.
    3. Liu, Wendy & Aaker, Jennifer L., 2008. "The Happiness of Giving: The Time-Ask Effect," Research Papers 1998, Stanford University, Graduate School of Business.
    4. Whillans, Ashley V. & Dunn, Elizabeth W., 2015. "Thinking about time as money decreases environmental behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 127(C), pages 44-52.
    5. Sanford E. Devoe & Byron Y. Lee & Jeffrey Pfeffer, 2010. "Hourly versus Salaried Payment and Decisions about Trading Time and Money over Time," ILR Review, Cornell University, ILR School, vol. 63(4), pages 627-640, July.
    6. Xu, Lina & Roy, Abhijit, 2022. "Cashback as cash forward: The serial mediating effect of time/effort and money savings," Journal of Business Research, Elsevier, vol. 149(C), pages 30-37.
    7. Sebastian Lehmann & Martin Reimann, 2012. "The influence of time and money on product evaluations - a neurophysiological analysis," FEMM Working Papers 120011, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    8. Pfeffer, Jeffrey & DeVoe, Sanford E., 2008. "Economic Evaluation: The Effect of Money and Economics on Attitudes about Volunteering," Research Papers 1996, Stanford University, Graduate School of Business.
    9. Jouxtel, Justine, 2019. "Voluntary contributions of time: Time-based incentives in a linear public goods game," Journal of Economic Psychology, Elsevier, vol. 75(PA).
    10. Ruttan, Rachel L. & Lucas, Brian J., 2018. "Cogs in the machine: The prioritization of money and self-dehumanization," Organizational Behavior and Human Decision Processes, Elsevier, vol. 149(C), pages 47-58.
    11. Bohns, Vanessa K. & Newark, Daniel A. & Xu, Amy Z., 2016. "For a dollar, would you…? How (we think) money affects compliance with our requests," Organizational Behavior and Human Decision Processes, Elsevier, vol. 134(C), pages 45-62.
    12. Pai, Jieun & DeVoe, Sanford E. & Pfeffer, Jeffrey, 2020. "How income and the economic evaluation of time affect who we socialize with outside of work," Organizational Behavior and Human Decision Processes, Elsevier, vol. 161(C), pages 158-175.
    13. Mehmet Ferhat Özbek & Mohammad Asif Yoldash & Thomas Li-Ping Tang, 2016. "Theory of Justice, OCB, and Individualism: Kyrgyz Citizens," Journal of Business Ethics, Springer, vol. 137(2), pages 365-382, August.

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