Mark Wooden () (Melbourne Institute of Applied Economic and Social Research, The University of Melbourne) Diana Warren () (Institute of Applied Economic and Social Research, The University of Melbourne) Robert Drago (Pennsylvania State University, USA)
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This study uses nationally representative panel survey data for Australia to identify the role played by mismatches between hours actually worked and working time preferences in contributing to reported levels of job and life satisfaction. Three main conclusions emerge. First, it is not the number of hours worked that matters for subjective well-being, but working time mismatch. Second, overemployment is a more serious problem than is underemployment. Third, while the magnitude of the impact of overemployment may seem small in absolute terms, relative to other variables, such as disability, the effect is quite large.
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Paper provided by Melbourne Institute of Applied Economic and Social Research, The University of Melbourne in its series Melbourne Institute Working Paper Series with number
wp2007n29.
Length: 36 pages Date of creation: Nov 2007 Date of revision: Handle: RePEc:iae:iaewps:wp2007n29
Contact details of provider: Postal: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne, Victoria 3010 Australia Phone: +61 3 8344 2100 Fax: +61 3 8344 2111 Email: Web page: http://www.melbourneinstitute.com/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Clark, Andrew E & Georgellis, Yannis & Sanfey, Peter, 2001.
"Scarring: The Psychological Impact of Past Unemployment,"
Economica,
London School of Economics and Political Science, vol. 68(270), pages 221-41, May.
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Other versions:
Di Tella, R. & MacCulloch, R.J.: Oswald, A.J., 1997.
"The Macroeconomics of Happiness,"
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19, Centre for Economic Performance & Institute of Economics.