Recent research shows that hourly payment affects decisions about time use in ways that disfavor uncompensated activities such as volunteering. This paper extends that argument by showing that the activation of money and economics as aspects of a person's self-concept is one mechanism possibly...

Entrepreneurship is risky. Most new technologies and new businesses fail. Shane (2008) reported that 25% of new businesses failed in the first year and that by the fifth year, fewer than half had survived. In the United Kingdom, Stark (2001) presented data showing a 75% failure rate for small...

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...