Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

New research says being top dog makes us happier than simply getting top dollar

06.10.2003


New research by a group of economists and psychology researchers at the University of Warwick reveals that our rank position within an organisation has a bigger effect on our happiness within that job than the happiness generated by our actual level of pay. In short being top dog makes us happier than simply getting top dollar.

The researchers, University of Warwick Economists Professor Andrew Oswald and Dr Jonathan.Gardner (Joanthan now with Watson Wyatt) and University of Warwick psychology researchers Professor Gordon . Brown and Jing Qian studied data from 16,266 individuals from 886 separate actual workplaces, and also carried out two further psychological experiments. They presented their findings recently to a conference at the Brookings Institution in Washington.

The results from the analysis of happiness, pay and rank data from the 16,266 individuals found that the level of actual pay, or the average level of pay in an organisation, had very little effect on how happy people were with the level of respect they had within that organisation. It also had little effect on how happy people were with their achievements within that organisation."



However when one looked at people’s overall rank position the researchers found that did produce a significant impact on both how happy people were with the level of respect they had within that organisation and how happy people were with their achievements. When asked to rank how happy they were with their pay the researchers found that rank within an organisation had 50%-60% more effect on that level of happiness than the actual amount that people were paid!

In the first of the psychological experiments the research team asked a group of students to rank their satisfaction with a level of pay if it was offered to them as a starting graduate salary. The students were shown the same level of starting salaries but in a range of tables so, for instance, some saw a salary of £19.5K positioned as the fifth lowest wage in table whereas others saw that salary in a table as the second lowest. The experiment subjects clearly demonstrated that even if actual pay levels for everyone were exactly the same placing them in different rank orders created different levels of happiness.

In a second experiment students heard tones from a range of nine musical tones and were asked to judge were each tone came in that range. They were given a small cash reward for each tone judgement and then also asked to say how happy they were with that reward (of which they could actually keep a small percentage of at the end of the experiment). However the students were presented with different award distributions- a high-reward one in which they were rewarded with a number of pounds and a low distribution in which the same numbers were used but presented as pennies. The researchers found a clear negative correlation between current satisfaction rating and preceding reward values. The results indicated that reward satisfaction ratings were determined partly by comparison with other, recently-presented, rewards. A given level of reward produces a higher satisfaction rating if lower rewards have been received and rated in the recent past

For further information contact:
Professor Andrew Oswald 024 76 523510
University of Warwick

Andrew Oswald | University of Warwick
Further information:
http://www.communicate.warwick.ac.uk/index.cfm?page=pressrelease&id=1345

More articles from Social Sciences:

nachricht Sibling differences: Later-borns choose less prestigious programs at university
14.11.2017 | Max-Planck-Institut für demografische Forschung

nachricht Visual intelligence is not the same as IQ
09.11.2017 | Vanderbilt University

All articles from Social Sciences >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Nanoparticles help with malaria diagnosis – new rapid test in development

The WHO reports an estimated 429,000 malaria deaths each year. The disease mostly affects tropical and subtropical regions and in particular the African continent. The Fraunhofer Institute for Silicate Research ISC teamed up with the Fraunhofer Institute for Molecular Biology and Applied Ecology IME and the Institute of Tropical Medicine at the University of Tübingen for a new test method to detect malaria parasites in blood. The idea of the research project “NanoFRET” is to develop a highly sensitive and reliable rapid diagnostic test so that patient treatment can begin as early as possible.

Malaria is caused by parasites transmitted by mosquito bite. The most dangerous form of malaria is malaria tropica. Left untreated, it is fatal in most cases....

Im Focus: A “cosmic snake” reveals the structure of remote galaxies

The formation of stars in distant galaxies is still largely unexplored. For the first time, astron-omers at the University of Geneva have now been able to closely observe a star system six billion light-years away. In doing so, they are confirming earlier simulations made by the University of Zurich. One special effect is made possible by the multiple reflections of images that run through the cosmos like a snake.

Today, astronomers have a pretty accurate idea of how stars were formed in the recent cosmic past. But do these laws also apply to older galaxies? For around a...

Im Focus: Visual intelligence is not the same as IQ

Just because someone is smart and well-motivated doesn't mean he or she can learn the visual skills needed to excel at tasks like matching fingerprints, interpreting medical X-rays, keeping track of aircraft on radar displays or forensic face matching.

That is the implication of a new study which shows for the first time that there is a broad range of differences in people's visual ability and that these...

Im Focus: Novel Nano-CT device creates high-resolution 3D-X-rays of tiny velvet worm legs

Computer Tomography (CT) is a standard procedure in hospitals, but so far, the technology has not been suitable for imaging extremely small objects. In PNAS, a team from the Technical University of Munich (TUM) describes a Nano-CT device that creates three-dimensional x-ray images at resolutions up to 100 nanometers. The first test application: Together with colleagues from the University of Kassel and Helmholtz-Zentrum Geesthacht the researchers analyzed the locomotory system of a velvet worm.

During a CT analysis, the object under investigation is x-rayed and a detector measures the respective amount of radiation absorbed from various angles....

Im Focus: Researchers Develop Data Bus for Quantum Computer

The quantum world is fragile; error correction codes are needed to protect the information stored in a quantum object from the deteriorating effects of noise. Quantum physicists in Innsbruck have developed a protocol to pass quantum information between differently encoded building blocks of a future quantum computer, such as processors and memories. Scientists may use this protocol in the future to build a data bus for quantum computers. The researchers have published their work in the journal Nature Communications.

Future quantum computers will be able to solve problems where conventional computers fail today. We are still far away from any large-scale implementation,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Ecology Across Borders: International conference brings together 1,500 ecologists

15.11.2017 | Event News

Road into laboratory: Users discuss biaxial fatigue-testing for car and truck wheel

15.11.2017 | Event News

#Berlin5GWeek: The right network for Industry 4.0

30.10.2017 | Event News

 
Latest News

Previous evidence of water on mars now identified as grainflows

21.11.2017 | Physics and Astronomy

NASA's James Webb Space Telescope completes final cryogenic testing

21.11.2017 | Physics and Astronomy

New catalyst controls activation of a carbon-hydrogen bond

21.11.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>