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The Economic Evaluation of Time Organizational Causes and Individual Consequences

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  • Pfeffer, Jeffrey

    (Stanford University)

  • DeVoe, Sanford E.

    (University of Toronto)

Abstract

People 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.

Suggested Citation

  • Pfeffer, Jeffrey & DeVoe, Sanford E., 2012. "The Economic Evaluation of Time Organizational Causes and Individual Consequences," Research Papers 2123, Stanford University, Graduate School of Business.
    • Handle: RePEc:ecl:stabus:2123
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    File URL: https://gsbapps.stanford.edu/researchpapers/library/RP2123-1.pdf
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    References listed on IDEAS

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    Cited by:

    1. Alina Alecse Stanciu & Iuliana Camelia Stoenica & Florentina Raluca Bilcan, 2017. "Benchmark and Continuous Improvement of Performance," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 123-126, December.
    2. Oleksandr Melnychenko, 2021. "Energy Losses Due to Imperfect Payment Infrastructure and Payment Instruments," Energies, MDPI, vol. 14(24), pages 1-20, December.
    3. Belmi, Peter & Neale, Margaret, 2014. "Mirror, mirror on the wall, who’s the fairest of them all? Thinking that one is attractive increases the tendency to support inequality," Organizational Behavior and Human Decision Processes, Elsevier, vol. 124(2), pages 133-149.
    4. Dibrell, Clay & Fairclough, Samantha & Davis, Peter S., 2015. "The impact of external and internal entrainment on firm innovativeness: A test of moderation," Journal of Business Research, Elsevier, vol. 68(1), pages 19-26.
    5. 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.
    6. Alina Alecse Stanciu & Iuliana Camelia Stoenica & George Adrian Bilcan & Gina Nuti Gheltu, 2018. "Managerial Culture - Factor of Influence of Performance," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 4(1), pages 50-53, March.

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