Watching alone: Relational goods, television and happiness
This paper investigates the role of relational goods for subjective well-being. Using a large sample of individuals from the World Values Survey, we find that relational goods have a significant effect on life satisfaction, while television viewing plays a key role in crowding-out relationality. Bot...
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| Published in | Journal of economic behavior & organization Vol. 65; no. 3; pp. 506 - 528 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Amsterdam
Elsevier B.V
01.03.2008
Elsevier Elsevier Sequoia S.A |
| Series | Journal of Economic Behavior & Organization |
| Subjects | |
| Online Access | Get full text |
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| Abstract | This paper investigates the role of relational goods for subjective well-being. Using a large sample of individuals from the World Values Survey, we find that relational goods have a significant effect on life satisfaction, while television viewing plays a key role in crowding-out relationality. Both results are robust to the use of alternative indicators of relationality and to instrumental variable estimation to deal with possible simultaneity. The findings suggest that the relational treadmill can provide an additional explanation of the income–happiness paradox: the effect of higher income on happiness is offset by lower consumption of relational goods, with television playing a significant role in explaining underconsumption of relationality. |
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| AbstractList | This paper investigates the role of relational goods for subjective well-being. Using a large sample of individuals from the World Values Survey, we find that relational goods have a significant effect on life satisfaction, while television viewing plays a key role in crowding-out relationality. Both results are robust to the use of alternative indicators of relationality and to instrumental variable estimation to deal with possible simultaneity. The findings suggest that the relational treadmill can provide an additional explanation of the income-happiness paradox: the effect of higher income on happiness is offset by lower consumption of relational goods, with television playing a significant role in explaining underconsumption of relationality. [PUBLICATION ABSTRACT] This paper investigates the role of relational goods for subjective well-being. Using a large sample of individuals from the World Values Survey, we find that relational goods have a significant effect on life satisfaction, while television viewing plays a key role in crowding-out relationality. Both results are robust to the use of alternative indicators of relationality and to instrumental variable estimation to deal with possible simultaneity. The findings suggest that the relational treadmill can provide an additional explanation of the income-happiness paradox: the effect of higher income on happiness is offset by lower consumption of relational goods, with television playing a significant role in explaining underconsumption of relationality. [Copyright Elsevier B.V.] This paper investigates the role of relational goods for subjective well-being. Using a large sample of individuals from the World Values Survey, we find that relational goods have a significant effect on life satisfaction, while television viewing plays a key role in crowding-out relationality. Both results are robust to the use of alternative indicators of relationality and to instrumental variable estimation to deal with possible simultaneity. The findings suggest that the relational treadmill can provide an additional explanation of the income–happiness paradox: the effect of higher income on happiness is offset by lower consumption of relational goods, with television playing a significant role in explaining underconsumption of relationality. This paper investigates the role of relational goods for subjective well-being. Using a large sample of individuals from the World Values Survey, we find that relational goods have a significant effect on life satisfaction, while television viewing plays a key role in crowding-out relationality. Both results are robust to the use of alternative indicators of relationality and to instrumental variable estimation to deal with possible simultaneity. The findings suggest that the relational treadmill can provide an additional explanation of the income-happiness paradox: the effect of higher income on happiness is offset by lower consumption of relational goods, with television playing a significant role in explaining underconsumption of relationality. All rights reserved, Elsevier |
| Author | Stanca, Luca Bruni, Luigino |
| Author_xml | – sequence: 1 givenname: Luigino surname: Bruni fullname: Bruni, Luigino email: luigino.bruni@unimib.it organization: Department of Economics, University of Milano-Bicocca, Piazza dell’Ateneo Nuovo 1, 20126 Milan, Italy – sequence: 2 givenname: Luca surname: Stanca fullname: Stanca, Luca email: luca.stanca@unimib.it organization: Department of Economics, University of Milano-Bicocca, Piazza dell’Ateneo Nuovo 1, 20126 Milan, Italy |
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| SubjectTerms | Consumption Economic theory Game theory Happiness Life satisfaction Relational goods Studies Subjective well-being Subjectivity Television Television viewing TV consumption Well-being |
| Title | Watching alone: Relational goods, television and happiness |
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