To Your Happiness? Extra Hours of Labor Supply and Worker Well-Being
16 Pages Posted: 25 Jun 2007
Does extra work buy happiness and well-being? Unique survey data are analyzed to consider whether measures of self-reported subjective happiness, psychological health and economic satisfaction bear a net positive or negative relationship with working extra hours. Overtime work hours generally are associated with increased work stress, fatigue and workâ"family interference. When overtime work is required, this appears to offset the otherwise greater happiness and mental healthiness produced by its additional income. Mandatory overtime is associated with additional workâ"family interference and unhappiness for some workers, but also greater happiness for others. Policies most fruitful for improving individual economic and social welfare should focus on minimize the incidences where overtime is mandatory.
Keywords: Hours of Work, Overtime, Happiness, Mandatory Overtime, Work Stress
JEL Classification: J22, J23
Suggested Citation: Suggested Citation