IDEAS home Printed from https://ideas.repec.org/a/eee/jobhdp/v161y2020icp158-175.html
   My bibliography  Save this article

How income and the economic evaluation of time affect who we socialize with outside of work

Author

Listed:
  • Pai, Jieun
  • DeVoe, Sanford E.
  • Pfeffer, Jeffrey

Abstract

Building on research showing that organizational practices that highlight the monetary value of time can affect decisions about time use, we examined how income and the economic evaluation of time jointly predict decisions about socializing with others who can be instrumentally useful to people (e.g., colleagues). Using a multimethod approach of surveys and experiments, we found that income was a stronger predictor of both the economic value placed upon socializing with colleagues outside of work as well as the propensity to engage in such activities. When the economic value of time was high, individuals weighed the instrumental value of networking more heavily in their decision making about how to allocate time. These findings illustrate how organizational pay practices and the salience of income can influence decisions about daily social interactions outside of work.

Suggested Citation

  • Pai, Jieun & DeVoe, Sanford E. & Pfeffer, Jeffrey, 2020. "How income and the economic evaluation of time affect who we socialize with outside of work," Organizational Behavior and Human Decision Processes, Elsevier, vol. 161(C), pages 158-175.
    • Handle: RePEc:eee:jobhdp:v:161:y:2020:i:c:p:158-175
    DOI: 10.1016/j.obhdp.2020.04.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0749597819305813
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.obhdp.2020.04.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Daniel S. Hamermesh, 2002. "Timing, togetherness and time windfalls," Journal of Population Economics, Springer;European Society for Population Economics, vol. 15(4), pages 601-623.
    2. Hamermesh, Daniel S., 2007. "AJAE Appendix: Time to Eat: Household Production Under Increasing Income Inequality," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 89(4), pages 1-8, November.
    3. DeVoe, Sanford E. & Pfeffer, Jeffrey, 2009. "When Is Happiness about How Much You Earn? The Effect of Hourly Payment on the Money-Happiness Connection," Research Papers 2024, Stanford University, Graduate School of Business.
    4. Oakes, J. Michael & Rossi, Peter H., 2003. "The measurement of SES in health research: current practice and steps toward a new approach," Social Science & Medicine, Elsevier, vol. 56(4), pages 769-784, February.
    5. Nancy P. Rothbard & Katherine W. Phillips & Tracy L. Dumas, 2005. "Managing Multiple Roles: Work-Family Policies and Individuals’ Desires for Segmentation," Organization Science, INFORMS, vol. 16(3), pages 243-258, June.
    6. Pfeffer, Jeffrey & DeVoe, Sanford E., 2012. "The Economic Evaluation of Time Organizational Causes and Individual Consequences," Research Papers 2123, Stanford University, Graduate School of Business.
    7. Whillans, Ashley V. & Dunn, Elizabeth W., 2015. "Thinking about time as money decreases environmental behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 127(C), pages 44-52.
    8. Ruolian Fang & Blaine Landis & Zhen Zhang & Marc H. Anderson & Jason D. Shaw & Martin Kilduff, 2015. "Integrating Personality and Social Networks: A Meta-Analysis of Personality, Network Position, and Work Outcomes in Organizations," Organization Science, INFORMS, vol. 26(4), pages 1243-1260, August.
    9. DeVoe, Sanford E. & Pfeffer, Jeffrey, 2007. "When time is money: The effect of hourly payment on the evaluation of time," Organizational Behavior and Human Decision Processes, Elsevier, vol. 104(1), pages 1-13, September.
    10. DeVoe, Sanford E. & Iyengar, Sheena S., 2004. "Managers' theories of subordinates: A cross-cultural examination of manager perceptions of motivation and appraisal of performance," Organizational Behavior and Human Decision Processes, Elsevier, vol. 93(1), pages 47-61, January.
    11. Tracy L. Dumas & Katherine W. Phillips & Nancy P. Rothbard, 2013. "Getting Closer at the Company Party: Integration Experiences, Racial Dissimilarity, and Workplace Relationships," Organization Science, INFORMS, vol. 24(5), pages 1377-1401, October.
    12. Christopher F Baum, 2008. "Stata tip 63: Modeling proportions," Stata Journal, StataCorp LP, vol. 8(2), pages 299-303, June.
    13. Rong Wang & Suzanne Bianchi, 2009. "ATUS Fathers’ Involvement in Childcare," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 93(1), pages 141-145, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hur, Julia D. & Lee-Yoon, Alice & Whillans, Ashley V., 2021. "Are they useful? The effects of performance incentives on the prioritization of work versus personal ties," Organizational Behavior and Human Decision Processes, Elsevier, vol. 165(C), pages 103-114.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rachel Connelly & Jean Kimmel, 2009. "Spousal influences on parents’ non-market time choices," Review of Economics of the Household, Springer, vol. 7(4), pages 361-394, December.
    2. Daniel Hamermesh, 2009. "It’s Time to “Do Economics” with Time-Use Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 93(1), pages 65-68, August.
    3. Vanessa Conzon & Ruthanne Huising, 2024. "Devoted but Disconnected : Managing Role Conflict Through Interactional Control," Post-Print hal-04553331, HAL.
    4. Steffanie L. Wilk & Erin E. Makarius, 2015. "Choosing the Company You Keep: Racial Relational Demography Outside and Inside of Work," Organization Science, INFORMS, vol. 26(5), pages 1316-1331, October.
    5. Domenico Tabasso, 2011. "With or Without You: Hazard of Divorce and Intra-household Allocation of Time," Melbourne Institute Working Paper Series wp2011n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    6. Giurge, Laura M. & Bohns, Vanessa K., 2021. "You don’t need to answer right away! Receivers overestimate how quickly senders expect responses to non-urgent work emails," Organizational Behavior and Human Decision Processes, Elsevier, vol. 167(C), pages 114-128.
    7. Nault, Kelly A. & Sezer, Ovul & Klein, Nadav, 2023. "It’s the journey, not just the destination: Conveying interpersonal warmth in written introductions," Organizational Behavior and Human Decision Processes, Elsevier, vol. 177(C).
    8. repec:hal:wpspec:info:hdl:2441/8651 is not listed on IDEAS
    9. Hoeck, Sarah & François, Guido & Van der Heyden, Johan & Geerts, Joanna & Van Hal, Guido, 2011. "Healthcare utilisation among the Belgian elderly in relation to their socio-economic status," Health Policy, Elsevier, vol. 99(2), pages 174-182, February.
    10. repec:zbw:rwirep:0200 is not listed on IDEAS
    11. Collewet, M.M.F. & de Grip, A. & Koning, J.d., 2015. "Peer working time, labour supply, and happiness for male workers," ROA Research Memorandum 006, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    12. Michael Burda & Daniel Hamermesh & Philippe Weil, 2013. "Total work and gender: facts and possible explanations," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(1), pages 239-261, January.
    13. Simon Georges-Kot & Dominique Goux & Eric Maurin, 2017. "Following the Crowd: Leisure Complementarities beyond the Household," Journal of Labor Economics, University of Chicago Press, vol. 35(4), pages 1061-1088.
    14. Renata Baborska & Emilio Hernandez & Emiliano Magrini & Cristian Morales-Opazo, 2020. "The impact of financial inclusion on rural food security experience: A perspective from low-and middle-income countries," Review of Development Finance Journal, Chartered Institute of Development Finance, vol. 10(2), pages 1-18.
    15. Gnangnon, Sèna Kimm, 2023. "Effect of Aid for Trade on Recipient-Countries' Participation in Global Value Chains," EconStor Preprints 279713, ZBW - Leibniz Information Centre for Economics.
    16. Slawa Rokicki & Mark E. McGovern, 2020. "Heterogeneity in Early Life Investments: A Longitudinal Analysis of Children's Time Use," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(3), pages 647-676, September.
    17. Szanton, Sarah L. & Thorpe, Roland J. & Whitfield, Keith, 2010. "Life-course financial strain and health in African-Americans," Social Science & Medicine, Elsevier, vol. 71(2), pages 259-265, July.
    18. repec:spo:wpmain:info:hdl:2441/8642 is not listed on IDEAS
    19. William Boyce & Torbjorn Torsheim & Candace Currie & Alessio Zambon, 2006. "The Family Affluence Scale as a Measure of National Wealth: Validation of an Adolescent Self-Report Measure," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 78(3), pages 473-487, September.
    20. Collewet, Marion & de Grip, Andries & de Koning, Jaap, 2017. "Conspicuous work: Peer working time, labour supply, and happiness," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 79-90.
    21. repec:hal:spmain:info:hdl:2441/8651 is not listed on IDEAS
    22. Gimenez-Nadal, J. Ignacio & Molina, Jose Alberto, 2015. "Health status and the allocation of time: Cross-country evidence from Europe," Economic Modelling, Elsevier, vol. 46(C), pages 188-203.
    23. Chollet, Barthélemy & Géraudel, Mickaël & Khedhaouria, Anis & Mothe, Caroline, 2016. "Market knowledge as a function of CEOs' personality: A fuzzy set approach," Journal of Business Research, Elsevier, vol. 69(7), pages 2567-2573.
    24. Martin Korndörfer & Boris Egloff & Stefan C. Schmukle, 2015. "A Large Scale Test of the Effect of Social Class on Prosocial Behavior," Working Papers 1601, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jobhdp:v:161:y:2020:i:c:p:158-175. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/obhdp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.