Sunday, December 8, 2013

Oh Dear Lord, Save Us From the Self Absorbed: Economists Study Economist's Happiness With Being Economists

From the Institute of General Economic Research, Department of Economic Policy, Albert-Ludwigs University of Freiburg via RePEc:

Happiness of Economists
Lars P. Feld
Sarah Necker
Bruno S. Frey
July 29, 2013
Abstract
This study investigates the determinants of economists’ life satisfaction. The analysis is
based on a survey of professional, mostly academic economists from European countries
and beyond. We find that certain features of economists’ professional situation influence
their well-being. Happiness is increased by having more research time while the lack of
a tenured position decreases satisfaction in particular if the contract expires in the near
future or cannot be extended. Surprisingly, publication success has no effect on satis-
faction. While the perceived level of external pressure also has no impact, the perceived
change of pressure in recent years has. Economists may have accepted a high level of
pressure when entering academia but do not seem to be willing to cope with the increase
observed in recent years.
 The paper begins:
1 Introduction
Working in academia differs from conventional employment.... 
Free download (31page PDF)

HT: Marginal Revolution, one of whose commenters wrote:
Tenured E. Conomist, Ph.D December 6, 2013 at 12:23 pm
Au contraire, all economists are perfectly happy. Clearly being an economist maximizes their utility, else they would simply quit and do something else. Revealed preferences, etc, quite simple stuff really. 
See also: A summary of the Bruno Frey affair.
Previously:
Economic Navel Gazing: Does Anyone Care What Economists Think About Anything Anymore?
A Fine Whine: "Attacks on mainstream economics and reforming economics teaching"