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There are Free Lunches: Behavioral Clues to Live Happy in the Economic World is a blog that intends to present updated and relevant information about the "hidden" and only recently uncovered dimensions of the economic science: the behavioral factors. With this blog we intend to promote in Europe and in the rest of the World, the top research articles and perspectives on behavioral economics, decision making, consumer behavior, and general behavioral science. We aim to be followed by journalists, academics, managers, civil servants, and everyone who wishes to improve their daily interaction with the economic world and consequently, their lives' happiness.



Sunday 20 November 2011

Does access to a television increase debt? (via SimoleanSense)

Interesting, this paper suggests that television access is associated with higher debt levels for durable household goods, but not with the total amount of non-mortgage debt.

The empirical results suggest that the greater access to television is associated with a greater tendency to maintain household debt and debt for household products. Results also suggest that greater access to television is associated with higher levels of debt for durable goods, though not for total debt levels.

If you want to check the complete the paper, here you have the link: http://www.farnamstreetblog.com/2011/11/does-access-to-a-television-increase-your-debt/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+68131+%28Farnam+Street%29&utm_content=Google+Reader
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2 comments:

  1. PP20 November 2011 at 20:24

    The Joneses effect?

    ReplyDelete
  2. Diogo Gonçalves24 November 2011 at 19:20

    Exactly! "We buy stuff to keep up with others’ consumption levels"
    Best, Diogo

    ReplyDelete

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