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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.

Suggested Citation

  • Kavetsos, Georgios & Koutroumpis, Pantelis, 2011. "Technological affluence and subjective well-being," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 742-753.
  • Handle: RePEc:eee:joepsy:v:32:y:2011:i:5:p:742-753
    DOI: 10.1016/j.joep.2011.05.004
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    Citations

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    Cited by:

    1. Thierry Pénard & Alexandre Mayol, 2015. "Facebook use and individual well-being: Like me to make me happier!," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201506, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    2. 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.
    3. Adi Pierewan & Gindo Tampubolon, 2014. "Internet Use and Well-Being Before and During the Crisis in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 119(2), pages 647-662, November.
    4. Peng Nie & Alfonso Sousa-Poza & Galit Nimrod, 2017. "Internet Use and Subjective Well-Being in China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 489-516, May.
    5. repec:eee:respol:v:47:y:2018:i:1:p:308-325 is not listed on IDEAS
    6. 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.
    7. Ong, Chorng-Shyong & Chang, Shu-Chen & Lee, Shwn-Meei, 2015. "Development of WebHapp: Factors in predicting user perceptions of website-related happiness," Journal of Business Research, Elsevier, vol. 68(3), pages 591-598.
    8. 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.
    9. Lelkes, Orsolya, 2012. "Happier and less isolated: internet use in old age," MPRA Paper 42546, University Library of Munich, Germany.
    10. Okuyama, Naoko, 2017. "The value of public service broadcasting in Japan: The life satisfaction approach," 14th ITS Asia-Pacific Regional Conference, Kyoto 2017: Mapping ICT into Transformation for the Next Information Society 168530, International Telecommunications Society (ITS).
    11. Fulvio Castellacci & Henrik Schwabe, 2018. "Internet Use and the U-shaped relationship between Age and Well-being," Working Papers on Innovation Studies 20180215, Centre for Technology, Innovation and Culture, University of Oslo.

    More about this item

    Keywords

    3000; Life satisfaction; Happiness; Technology; Broadband;

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • H00 - Public Economics - - General - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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