Article

Happiness and Productivity

Journal of Labor Economics (Impact Factor: 1.64). 01/2009; 1(4645). DOI: 10.1086/681096
Source: RePEc

ABSTRACT Evidence shows that real-effort investments can affect bilateral bargaining outcomes. This paper investigates whether similar investments can inhibit equilibrium convergence of experimental markets. In one treatment, sellers’ relative effort affects the allocation of production costs, but a random productivity shock ensures that the allocation is not necessarily equitable. In another treatment, sellers’ effort increases the buyers’ valuation of a good. We find that effort investments have a short-lived impact on trading behavior when sellers’ effort benefits buyers, but no effect when effort determines cost allocation. Efficiency rates are high and do not differ across treatments.

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Available from: Andrew J. Oswald, Jun 29, 2015
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    • "Research illustrating the strong relationship between workplace conditions and productivity could inform smarter design, operation and benefit all stakeholders in the modern workplace. Studies have shown the comfort and quality of the indoor environment are closely related to work efficiency, long-term health and well-being [3], [4]. Currently, workplaces adhere to occupational and safety standards to minimise injury, but very few are intended to increase occupant productivity. "
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    • "Research illustrating the strong relationship between workplace conditions and productivity could inform smarter design, operation and benefit all stakeholders in the modern workplace. Studies have shown the comfort and quality of the indoor environment are closely related to work efficiency, long-term health and well-being [3], [4]. Currently, workplaces adhere to occupational and safety standards to minimise injury, but very few are intended to increase occupant productivity. "
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    ABSTRACT: Current designs of modern office workplaces focus on health and safety standards but minimally address worker comfort and satisfaction. However, physical and mental wellness indicators directly affect the output of the worker according to existing studies that illustrate the strong relationship between workplace conditions and productivity. Personal and environmental sensed data can inform smarter workplace design and operations to potentially increase productivity and benefit all stakeholders in the modern workplace. This paper introduces a project that will measure environmental variables and personal physical and mental parameters of employees in different office environments to determine correlations with productivity. In-vivo measurements are obtained via a combination of environmental sensor modules and personal monitoring devices that record the interplay between variables affecting comfort and productivity in a workplace. The office spaces included in the study vary in age, heating/cooling management systems and the internal environmental efficiency of the buildings' design. This paper presents the pilot study that obtained bio-metric data from body area network sensors for each participant and environmental data on the state for workplace including thermal, humidity and light measurements. The participants were given self-reflective micro-surveys on productivity during the time of data collection. The preliminary results indicate that despite climate controlled conditions (i.e., a sealed air conditioned building), natural variance and sub-optimal conditions directly affected reported productivity.
    the IEEE 10th International Conference on Intelligent Sensors, Sensor Networks and Information Processing (ISSNIP 2015), Singapore; 04/2015
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    • "We just note that there is a vast literature on the relationship between cognitive outcomes, particularly education levels and qualifications, and economic success in the labour market. There is also a sizable and growing literature on happiness and its relationship to a variety of outcomes, including economic outcomes (Oswald et al. 2008 and literature cited therein). The link between well being and economic prosperity is less robust, although Oswald et al. found in an experimental context that individuals who had greater happiness (or more specifically who were put in a better mood due to various stimulate) were more productive in piece rate work. "
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    ABSTRACT: This research was commissioned before the new UK Government took
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