The Economic Evaluation of Time Organizational Causes and Individual Consequences
AbstractPeople acquire ways of thinking about time partly in and from work organizations, where the control and measurement of time use is a prominent feature of modern management--an inevitable consequence of employees selling their time for money. In this paper, we theorize about the role organizational practices play in promoting an economic evaluation of time and time use--where time is thought of primarily in monetary terms and viewed as a scarce resource that should be used as efficiently as possible. While people usually make decisions about time and money differently, we argue that management practices that make the connection between time and money salient can heighten the economic evaluation of time. We consider both the organizational causes of economic evaluation as well as its personal and societal consequences.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Stanford University, Graduate School of Business in its series Research Papers with number 2123.
Date of creation: Aug 2012
Date of revision:
Contact details of provider:
Postal: Stanford University, Stanford, CA 94305-5015
Phone: (650) 723-2146
Web page: http://gsbapps.stanford.edu/researchpapers/
More information through EDIRC
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mark Aguiar & Erik Hurst, 2007.
"Measuring Trends in Leisure: The Allocation of Time over Five Decades,"
The Quarterly Journal of Economics,
MIT Press, vol. 122(3), pages 969-1006, 08.
- Mark Aguiar & Erik Hurst, 2006. "Measuring Trends in Leisure: The Allocation of Time Over Five Decades," NBER Working Papers 12082, National Bureau of Economic Research, Inc.
- Mark Aguiar & Erik Hurst, 2006. "Measuring trends in leisure: the allocation of time over five decades," Working Papers 06-2, Federal Reserve Bank of Boston.
- DeVoe, Sanford E. & Pfeffer, Jeffrey, 2009. "When Is Happiness about How Much You Earn? The Effect of Hourly Payment on the Money-Happiness Connection," Research Papers 2024, Stanford University, Graduate School of Business.
- DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-46, December.
- Roland Bénabou & Jean Tirole, 2003.
"Intrinsic and Extrinsic Motivation,"
Review of Economic Studies,
Oxford University Press, vol. 70(3), pages 489-520.
- Benz, Matthias & Frey, Bruno S., 2008. "The value of doing what you like: Evidence from the self-employed in 23 countries," Journal of Economic Behavior & Organization, Elsevier, vol. 68(3-4), pages 445-455, December.
- Borgonovi, Francesca, 2008. "Doing well by doing good. The relationship between formal volunteering and self-reported health and happiness," Social Science & Medicine, Elsevier, vol. 66(11), pages 2321-2334, June.
- Martin Binder & Alex Coad, 2010.
"Life satisfaction and self-employment: A matching approach,"
Papers on Economics and Evolution
2010-20, Max Planck Institute of Economics, Evolutionary Economics Group.
- Martin Binder & Alex Coad, 2013. "Life satisfaction and self-employment: a matching approach," Small Business Economics, Springer, vol. 40(4), pages 1009-1033, May.
- Martin Binder & Alex Coad, 2010. "Life satisfaction and self-employment: A matching approach," SPRU Working Paper Series 194, SPRU - Science and Technology Policy Research, University of Sussex.
- Andersson, Pernilla, 2008. "Happiness and health: Well-being among the self-employed," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 213-236, February.
- Sanford E. DeVoe & Byron Y. Lee & Jeffrey Pfeffer, 2010. "Hourly versus Salaried Payment and Decisions about Trading off Time and Money over Time," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 63(4), pages 627-640, July.
If references are entirely missing, you can add them using this form.