Happiness of Economists
Lars P. Feld
Sarah Necker
Bruno S. Frey
July 29, 2013
AbstractThe paper begins:
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.
1 IntroductionFree download (31page PDF)
Working in academia differs from conventional employment....
HT: Marginal Revolution, one of whose commenters wrote:
Tenured E. Conomist, Ph.D December 6, 2013 at 12:23 pmSee also: A summary of the Bruno Frey affair.
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.
Previously:
Economic Navel Gazing: Does Anyone Care What Economists Think About Anything Anymore?
A Fine Whine: "Attacks on mainstream economics and reforming economics teaching"