A lot has happened since I last posted, but nothing to change my overall view. Stocks are still dangerously expensive, with the Fed successfully creating a
Does happiness affect productivity?
26 July 2010
Experiments suggest that happiness raises productivity by increase workers' effort.
- rather than investigate how economic variables, like income or growth affect happiness, we have instead studied how happiness affects economic variables.
There are various implications for economics in general.
First, research may to pay more attention to the influence of emotions.
Second, more effective bridges will have to be built between applied psychology and applied economics.
Third, if happiness in the workplace raises productivity, the paper’s findings have consequences for firms’ promotion policies and internal labour markets.