When time is money: The effect of hourly payment on the evaluation of time

When time is money: The effect of hourly payment on the evaluation of time
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DOI:
10.1016/j.obhdp.2006.05.003
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发表时间:
2007-09-01
影响因子:
4.6
通讯作者:
Pfeffer, Jeffrey
Pfeffer, Jeffrey
中科院分区:
管理学2区
文献类型:
--
作者:
Devoe, Sanford E.;Pfeffer, Jeffrey

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实证研究表明,关于时间的决策通常与关于金钱的决策不同,这违背了人们经常引用的格言“时间就是金钱”。然而,有一些组织实践,例如按时间付费,可以使时间和金钱的等价性变得突出,并与时间的经济评估相关。研究 1 表明,按小时付费的人们对时间应用了通常只适用于金钱的心理账户规则。研究 2 使用一项具有全国代表性的调查数据证明,按小时付费的人们在时间和金钱之间进行权衡时更重视经济回报。研究3表明,参与者之前接受过按小时计酬的做法与用更多时间换取金钱的更大意愿相关,并且被随机分配计算小时工资率的参与者表示更愿意用更多时间换取金钱。先前经验与参与者是否计算小时工资以预测参与者愿意用更多时间换取金钱的相互作用完全由参与者决策中的经济标准的显着性来调节。 (c) 2006 Elsevier Inc. 保留所有权利。
Empirical research shows decisions about time are often made differently than decisions about money, belying the oft-quoted maxim that "time is money". However, there are organizational practices such as payment on the basis of time that can make the equivalence of time and money salient and are associated with an economic evaluation of time. Study 1 showed that people paid by the hour applied mental accounting rules to time that are typically only applied to money. Using data from a nationally representative survey, Study 2 documented that people paid by the hour weighed economic returns more strongly in making tradeoffs between time and money. Study 3 showed that participants' prior exposure to hourly payment was associated with a greater willingness to trade more time for money and that participants randomly assigned to calculate their hourly wage rate expressed greater willingness to trade more time for money. The interaction of prior experience with whether or not participants calculated an hourly wage in predicting participants' willingness to trade more time for money was fully mediated by the salience of economic criteria in participants' decision-making. (c) 2006 Elsevier Inc. All rights reserved.