Oswald, Andrew; Proto, Eugenio; Sgroi, Daniel - Department of Economics, University of Warwick - 2013
Some firms say they care about the happiness and ‘well-being’ of their employees. But are such claims hype? Or might … they be scientific good sense? This study provides evidence that happiness makes people more productive. First, we examine … fundamental real-world shocks (bereavement and family illness) imposed by Nature. We show that lower happiness is associated with …