Using samples from the National Longitudinal Survey of Youth (1979), a longitudinal data set from the United States, this study demonstrates that the worker's positive attitude affects his/her wage not only directly, but also indirectly through its effects on happiness. Assuming endogeneity of...

To examine whether or not the worker's attitude to life affects his/her earnings, this study estimates wage equations with positive attitude as an explanatory variable under different econometric specifications. The results obtained from both cross-sectional and panel data confirm that positive...