Abstract

http://ssrn.com/abstract=1552404
 
 

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Technological Affluence and Subjective Well-Being


Georgios Kavetsos


London School of Economics & Political Science (LSE)

Pantelis Koutroumpis


Imperial College Business School; Columbia Institute for Tele-Information

June 9, 2012

Journal of Economic Psychology, Vol. 32, No. 5, 2011

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.

Keywords: Life Satisfaction, Happiness, Technology, Broadband

JEL Classification: D60, H00, I31, L86, L96

Accepted Paper Series


Not Available For Download

Date posted: January 31, 2011 ; Last revised: June 10, 2012

Suggested Citation

Kavetsos, Georgios and Koutroumpis, Pantelis, Technological Affluence and Subjective Well-Being (June 9, 2012). Journal of Economic Psychology, Vol. 32, No. 5, 2011. Available at SSRN: http://ssrn.com/abstract=1552404

Contact Information

Georgios Kavetsos (Contact Author)
London School of Economics & Political Science (LSE) ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
Pantelis Koutroumpis
Imperial College Business School ( email )
South Kensington Campus
Exhibition Road
London SW7 2AZ, DC SW7 2AZ
United Kingdom
Columbia Institute for Tele-Information ( email )
3022 Broadway
New York, NY 10027
United States
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