IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v178y2025i3d10.1007_s11205-025-03579-w.html
   My bibliography  Save this article

Is the Fintech Era Making Us Happy?

Author

Listed:
  • Van Le

    (University of Economics Ho Chi Minh City (UEH))

  • Bao Khac Quoc Nguyen

    (University of Economics Ho Chi Minh City (UEH))

Abstract

This study investigates the interactions between financial technology (Fintech) and happiness sentiment under economic stability from 15 July 2015 to 31 December 2019 and global volatility from 01 January 2020 to 31 December 2021. We examine the relation between daily changes in the Fintech and happiness proxies based on the bivariate generalized autoregressive conditional heteroskedasticity modeling with conditional correlation mechanisms. We find a statistically significant result that the Fintech proxy negatively affects happiness sentiment, regardless of economic contexts. This implies a trade-off between Fintech and happiness, which is additionally supported by the negative impact of happiness on Fintech in the context of global volatility. We further indicate that the happiness objective shall be more concentrated during uncertainties. Empirical findings clarify how the Fintech innovation is challenged and generate the happiness standard to assess the prospect of financial technology in future. We recommend that policymakers should consider happiness goals in pursuit of technological innovation in the context of digital era.

Suggested Citation

  • Van Le & Bao Khac Quoc Nguyen, 2025. "Is the Fintech Era Making Us Happy?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 178(3), pages 1391-1409, July.
    • Handle: RePEc:spr:soinre:v:178:y:2025:i:3:d:10.1007_s11205-025-03579-w
    DOI: 10.1007/s11205-025-03579-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11205-025-03579-w
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11205-025-03579-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:178:y:2025:i:3:d:10.1007_s11205-025-03579-w. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.