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Technological affluence and subjective well-being

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  • Kavetsos, Georgios
  • Koutroumpis, Pantelis

Abstract

This study measures the welfare effects of technological goods using a recent European pooled cross-sectional dataset. We find that fixed and mobile phones, music players and personal computers, including those with an Internet connection, are associated with significantly higher levels of well-being measured by individual self-reported life satisfaction. Further controlling for mobile and broadband country penetration levels, we provide evidence suggesting that the latter matters for life satisfaction, especially for the users who already possess the relevant devices. Keeping life satisfaction constant, we subsequently derive substantial GDP per capita estimates equivalent to a 10 percentage point increase in broadband and mobile phone penetration.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 32 (2011)
Issue (Month): 5 ()
Pages: 742-753

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Handle: RePEc:eee:joepsy:v:32:y:2011:i:5:p:742-753

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Web page: http://www.elsevier.com/locate/joep

Related research

Keywords: 3000; Life satisfaction; Happiness; Technology; Broadband;

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References

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Cited by:
  1. Pénard, Thierry & Poussing, Nicolas & Suire, Raphaël, 2013. "Does the Internet make people happier?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 46(C), pages 105-116.
  2. Lelkes, Orsolya, 2012. "Happier and less isolated: internet use in old age," MPRA Paper 42546, University Library of Munich, Germany.
  3. Hans-Jürgen Engelbrecht, 2014. "A general model of the innovation - subjective well-being nexus," Journal of Evolutionary Economics, Springer, vol. 24(2), pages 377-397, April.
  4. Graham, Carol & Nikolova, Milena, 2013. "Does access to information technology make people happier? Insights from well-being surveys from around the world," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 126-139.

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