Abstract
Is happiness a necessary attribute of a successful employee? This paper analyses productivity and willingness to compete (WTC) as two measures of employee success. It conducts an online experiment on 645 respondents with real-effort tasks eliciting productivity and WTC for different levels of happiness. No effect of happiness is obtained despite sufficient statistical power. One explanation is that affective happiness does not shift behavioural preferences like risk aversion enough. In contrast, more established alternative features such as pay scheme and gender shift both behavioural preferences and objective outcomes significantly.
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