Publication type
Journal Article
Authors
Publication date
June 1, 2010
Abstract:
Using longitudinal data from the British Household Panel Survey, the authors examine how individuals employment compensation salaried Or hourly-affects their decisions to trade time for money. Results indicate that there is a positive association between hourly wages and a desire to exchange leisure time for more money. This relationship holds even when a Fixed-effects model controls for unobserved differences among individuals as well as for job-relevant Factors, including income, hours worked, tenure, and satisfaction. Evidence also suggests that after changing,jobs in which pay schemes change front hourly to salaried, individuals' preferences remain the same in the short term, but effects of these preferences do decay over time, consistent with the notion of psychological salience.
Published in
Industrial and Labor Relations Review
Volume
Volume: 63 (4):627-640
Subjects
Notes
Web of Knowledge alert
No doi given
Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*
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