“Above a certain level of income, the relative value of material consumption vis-a-vis leisure time is diminished, so earning a higher income at the cost of working longer hours may reduce the quality of your life. More importantly, the fact that the citizens of a country work longer than others in comparable countries does not necessarily mean that they like working longer hours. They may be compelled to work long hours, even if they actually want to take longer holidays.”

Ha-Joon Chang

Ha-Joon Chang - “Above a certain level of income, the...” 1

Similar quotes

“No one limits your growth but you. If you want to earn more, learn more. That means you´ll work harder for a while; that means you'll work longer for a while. But you'll be paid for your extra effort with enhanced earnings down the road”

Tom Hopkins
Read more

“In no country does the average income give the right picture of how people live but in a country with higher inequality it is likely to be particularly misleading. Given that the US has by far the most unequal distribution of income among the rich countries, we can safely guess that the US per capita income overstates the actual living standards of more of its citizens than in other countries....The much higher crime rate than in Europe or Japan -- in per capita terms, the US has eight times more people in prison than Europe and twelve times more than Japan -- shows that there is a far bigger underclass in the US.”

Ha-Joon Chang
Read more

“It's not a man's working hours that is important, it is how he spends his leisure time.”

Marilynne Robinson
Read more

“The less control people had over their work, the higher their blood pressure during work hours. Moreover, blood pressure at home was unrelated to the level of job control, indicating that the spike during work hours was specifically caused by lack of choice on the job. People with little control over their work also experienced more back pain, missed more days of work due to illness in general, and had higher rates of mental illness—the human equivalent of stereotypies, resulting in the decreased quality of life common to animals reared in captivity.”

Sheena Iyengar
Read more

“When woman work outside the home and share breadwinning duties, couples are more likely to stay together. In fact, the risk of divorce reduces by about half when a wife earns half the income and a husband does half the housework.”

Sheryl Sandberg
Read more