Time is tight: how higher economic value of time increases feelings of time pressure.

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  • Author(s): DeVoe SE;DeVoe SE; Pfeffer J
  • Source:
    The Journal of applied psychology [J Appl Psychol] 2011 Jul; Vol. 96 (4), pp. 665-76.
  • Publication Type:
    Journal Article
  • Language:
    English
  • Additional Information
    • Source:
      Publisher: American Psychological Association Country of Publication: United States NLM ID: 0222526 Publication Model: Print Cited Medium: Internet ISSN: 1939-1854 (Electronic) Linking ISSN: 00219010 NLM ISO Abbreviation: J Appl Psychol Subsets: MEDLINE
    • Publication Information:
      Publication: Washington Dc : American Psychological Association
      Original Publication: Washington [etc.]
    • Subject Terms:
      Income* ; Socioeconomic Factors* ; Time*; Stress, Psychological/*economics; Adult ; Australia ; Behavior/physiology ; Female ; Humans ; Male ; Middle Aged ; Models, Psychological ; Personality ; Psychological Tests ; Psychological Theory ; Young Adult
    • Abstract:
      The common heuristic association between scarcity and value implies that more valuable things appear scarcer (King, Hicks, & Abdelkhalik, 2009), an effect we show applies to time as well. In a series of studies, we found that both income and wealth, which affect the economic value of time, influence perceived time pressure. Study 1 found that changes in income were associated with changes in perceived time pressure. Studies 2-4 showed that experimentally manipulating time's perceived economic value caused greater feelings of time pressure and less patient behavior. Finally, Study 5 demonstrated that the relationship between income and time pressure was strengthened when participants were randomly assigned to think about the precise economic value of their time.
    • Publication Date:
      Date Created: 20110120 Date Completed: 20111115 Latest Revision: 20110712
    • Publication Date:
      20221213
    • Accession Number:
      10.1037/a0022148
    • Accession Number:
      21244125