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Longitudinal Study: HILDA
Title: Time is Tight: How Higher Economic Value of Time Increases Feelings of Time Pressure
Authors: DeVoe, Sanford 
Publication Date: Jul-2011
Pages: 665-676
Keywords: income
job stress
economic value
time pressure
Abstract: 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 as well. In a series of studies, we found that both income and wealth, which affect the economic value of time, influence perceived time pressure. Study 1 found that changes in income were associated with changes in perceived time pressure. Studies 2–4 showed that experimentally manipulating time's perceived economic value caused greater feelings of time pressure and less patient behavior. Finally, Study 5 demonstrated that the relationship between income and time pressure was strengthened when participants were randomly assigned to think about the precise economic value of their time.
Keywords: Stress; Income & Finance -- Income (Salary and Wages)
Research collection: Journal Articles
Appears in Collections:Journal Articles

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