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Technological affluence and subjective well-being

Kavetsos, Georgios and Koutroumpis, Pantelis (2011) Technological affluence and subjective well-being. Journal of Economic Psychology, 32 (5). pp. 742-753. ISSN 0167-4870

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Identification Number: 10.1016/j.joep.2011.05.004

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.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-econom...
Additional Information: © 2011 Elsevier
Subjects: B Philosophy. Psychology. Religion > BF Psychology
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HN Social history and conditions. Social problems. Social reform
T Technology > T Technology (General)
Sets: Departments > Social Policy
Collections > Economists Online
Date Deposited: 23 Feb 2012 09:26
Last Modified: 23 Feb 2012 09:26
URI: http://eprints.lse.ac.uk/id/eprint/41998

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