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
    • "If subjective well-being is an important determinant of the decision to emigrate, policy-driven changes in happiness may affect individual migration decisions and the ensuing migration flows. Second, it has been shown that higher levels of individual subjective well-being result in greater productivity (Oswald et al. 2015), creativity (Amabile et al. 2005;George and Zhou, 2007), physical health (Diener and Chan, 2011), sociability, quality of social relationships, social capital, and social behaviour (De Neve et al. 2013;Guven, 2011), as well as a greater probability of getting hired and promoted and receiving higher levels of education and income (De Neve and Oswald, 2012). 4 Therefore, if a country receives immigrants, it should be interested in getting a high proportion of happy people among them. "
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    ABSTRACT: It has been shown that higher levels of subjective well-being lead to greater work productivity, better physical health and enhanced social skills. Because of these positive externalities, policymakers across the world should be interested in attracting and retaining happy and life-satisfied migrants. This paper studies the link between life satisfaction and one's intentions to move abroad. Using survey data from 35 European and Central Asian countries, I find a U-shaped association between life satisfaction and emigration intentions: it is the most and the least life-satisfied people who are the most likely to express intentions to emigrate. This result is found in countries with different levels of economic development and institutional quality. The instrumental variable results suggest that higher levels of life satisfaction have a positive effect on the probability of reporting intentions to migrate. The findings of this paper raise concerns about possible ‘happiness drain’ in migrant-sending countries.
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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. "

    Full-text · Dataset · Jun 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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    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.
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