The relationship between money and happiness is stronger for people paid hourly because they’re more often reminded of how much they earn, according to researchers at Stanford University and the University of Toronto. That lets workers more easily measure their value, which in turn increases happiness.

…It goes without saying that workers like money. After all, that’s what drives so many people to rise in the morning, endure sometimes epic commutes and sacrifice other equally rewarding parts of life — such as sleep, dating or regular meals.

Beyond the satisfaction of a job well done (and worth doing), however, is one other key to happiness not often thought about: how wages are earned. A recent study found that workers paid by the hour were much more satisfied with their earnings than their salaried counterparts.

The relationship between money and happiness is stronger for people paid hourly because they’re more often reminded of how much they earn, according to researchers at Stanford University and the University of Toronto.

Easier to Measure Value

“If you are paid by the hour or account for your time on a time sheet, you begin to see the world in terms of money and in terms of economic evaluation,” says study co-author Jeffrey Pfeffer, a professor of organizational management at the Stanford…

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Hourly Wage Earners Are Happier Than Salaried Workers

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