Knabe, Andreas; Rätzel, Steffen - Fakultät für Wirtschaftswissenschaft, … - 2009
data, controlling for individual unobserved heterogeneity, and specifying the impact of working hours in a non …-monotonic form. Our results suggest that the impact of working hours on happiness is rather small and exhibits an inverse U-shape. We … do not find evidence that leaving working hours out of the analysis leads to an underestimation of the income effect. …