Technology and Welfare - Investigating the relationship between the ownership of technology-based assets and subjective measures of well-being

Stellenbosch Working Paper Series No. WP05/2020
 
Publication date: April 2020
 
Author(s):
Alexander O'Riordan (Department of Economics, Stellenbosch University)
 
Abstract:

This paper estimates the effects of the ownership of technological assets on self-reported measures of wellbeing, both subjective and objective. The estimation procedure employed is based on a dynamic panel approach, one that is capable of controlling for individual effects, as well as potential sources of endogeneity such as reverse causality. The results indicate that there is a statistically significant relationship between changes in the composition and value of one’s technological asset portfolio and measures of social and economic wellbeing.

 
JEL Classification:

D60, D63, O10, O11

Keywords:

asset ownership, welfare, dynamic effects

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1 March 2021
Even with the release of data showing a record high unemployment rate in 2020Q4, it turned out to be a fairly good week for the SA economy. Daily new COVID-19 infections remained well contained, while the second batch of 80 000 J&J vaccines arrived (albeit controversially with the grounded SAA being the carrier). In addition, relative to the October...

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