Income Aspirations, Television and Happiness: Evidence from the World Value Surveys
AbstractThis paper argues that television viewing produces higher material aspirations, by enhancing both adaptation and positional effects, thus lowering the effect of income on life satisfaction. Using individual data from the World Values Survey we present evidence indicating that the effect of income on both life and financial satisfaction is significantly smaller for heavy television viewers, relative to occasional viewers. This finding is robust to a number of specification checks and alternative interpretations. Overall, the results can be interpreted as providing an additional explanation for the income-happiness paradox: the pervasive and increasing role of television viewing in people’s life, by raising material aspirations, reduces the effect of income on individual happiness.
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Bibliographic InfoPaper provided by University of Milano-Bicocca, Department of Economics in its series Working Papers with number 89.
Length: 31 pages
Date of creation: Jun 2005
Date of revision: Jun 2005
subjective well-being; TV consumption; aspiration level;
Other versions of this item:
- Luigino Bruni & Luca Stanca, 2006. "Income Aspirations, Television and Happiness: Evidence from the World Values Survey," Kyklos, Wiley Blackwell, vol. 59(2), pages 209-225, 05.
- 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 and Poverty - - - General Welfare
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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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