The authors investigate how both the amount and source of income affects the importance placed on money using a longitudinal analysis of the British Household Panel Survey and evidence from two laboratory experiments. Larger amounts of money received for labor were associated with individuals...

Using longitudinal data from the British Household Panel Survey, the authors examine how individuals' employment compensation - salaried or hourly - affects their decisions to trade time for money. Results indicate that there is a positive association between hourly wages and a desire to...