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...

This paper examines how the amount of dispersion in an organization's salary distribution and an individual's location in that distribution affect turnover. Using data for the years 1978–79 and 1983–84 on more than 10,000 administrators in 821 U.S. colleges and universities, the...

The common heuristic association between scarcity and value implies that more valuable things appear scarcer (King, Hicks, & Abdelkhalik, 2009), an effect we show applies to time. In a series of studies we find that both income and wealth, which affect the economic value of time, influence...

People acquire ways of thinking about time partly in and from work organizations, where the control and measurement of time use is a prominent feature of modern management--an inevitable consequence of employees selling their time for money. In this paper, we theorize about the role...

This paper compares how managers value knowledge from internal and external sources. Although many theories account for favoritism toward insiders, we find that preferences for knowledge obtained from outsiders are also prevalent. Two complementary case studies and survey data from managers...

The authors investigate how 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, they found that larger amounts of money received for labor were associated with...