Consumers often organize their time by scheduling various tasks, but also leave some time unaccounted. The authors examine whether ending an interval of unaccounted time with an upcoming task systematically alters how this time is perceived and consumed. Eight studies conducted both in the lab...

The average worker in the US needs to work more than a year to earn his or her CEO's daily wage. The well-accepted justification among economists for these huge wage gaps is the necessity to achieve economic efficiency, in terms of efficient allocation in the labor market and incentivizing...

In this paper we use the SMS instant messaging application to examine the effect of notifications on time preferences. To do so we conducted a laboratory experiment with three different groups. Participants in the first (second) treatment group received SMS messages with a high (low) degree of...