Income Aspirations, Television and Happiness: Evidence from the World Values Survey
AbstractThis paper investigates the role of television in producing higher material aspirations, by enhancing both adaptation and positional effects. Using a large sample of individuals from the World Values Survey, we find that the effect of income on both life and financial satisfaction is significantly smaller for heavy television viewers than for occasional viewers. This finding is robust to a number of specification checks and alternative interpretations. The results suggest an additional explanation for the income-happiness paradox: the pervasive and increasing role of television viewing in contemporary society, by raising material aspirations, contributes to offset the effect of higher income on individual happiness. Copyright 2006 Blackwell Publishing Ltd..
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Kyklos.
Volume (Year): 59 (2006)
Issue (Month): 2 (05)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962
Other versions of this item:
- Luigino Bruni & Luca Stanca, 2005. "Income Aspirations, Television and Happiness: Evidence from the World Value Surveys," Working Papers 89, University of Milano-Bicocca, Department of Economics, revised Jun 2005.
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- TV & happiness
by chris dillow in Stumbling and Mumbling on 2009-12-18 14:30:34
- Happiness vs preferences
by chris dillow in Stumbling and Mumbling on 2009-09-16 14:20:54
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