In his book Becoming Adult, Mihaly Csikszentmihalyi and co-author Barbara Schneider look at the differences between teenagers on their way to becoming grown-ups who are either more happy and successful, or more unhappy, complacent, and disengaged.
The central ingredient is the amount of time that teenagers spend in play or work, or both, or neither.
Play in this regard is defined as engagement in activities that are enjoyable in the moment; work is defined as activities that may or may not be enjoyable in the moment, but that serve to build skills or resources for future gratification.