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...Otto von guericke university magdeburg faculty of economics and management revisiting the neoclassical theory labour supply disutility working hours happiness steffen ratzel femm paper no february f e m series p o box germany http www ww uni de abstract in empirical analyses employment status has a substantial influence on individual well being people without work are consistently less happy even after controlling for income this result seems to contradict standard assumption we analyze impact time results show distinct positive utility effects caused by correlates positively with worked however there is an inverse u shaped correlation excessive reverse relationship additionally importance exogenously given deviations from individually preferred these discrepancies reduce counterbalance jel classification j d keywords life satisfaction pf tel email raetzel ovgu fax introduction considers leisure as source seen bad necessary create consumption derived assumptions economic suppose decrea...