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

Author

Listed:
  • 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.

Suggested Citation

  • Alexander O'Riordan, 2020. "Technology and Welfare - Investigating the relationship between the ownership of technology-based assets and subjective measures of well-being," Working Papers 05/2020, Stellenbosch University, Department of Economics.
    • Handle: RePEc:sza:wpaper:wpapers340
    as

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    File URL: https://www.ekon.sun.ac.za/wpapers/2020/wp052020/wp052020.pdf
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    References listed on IDEAS

    as
    1. Kiviet, Jan F., 1995. "On bias, inconsistency, and efficiency of various estimators in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July.
    2. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    3. Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
    4. David A. Clark & University of Manchester & Mozaffar Qizilbash & University of East Anglia, 2005. "Core Poverty, Basic Capabilities and Vagueness: An Application to the South African Context," Economics Series Working Papers GPRG-WPS-026, University of Oxford, Department of Economics.
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    More about this item

    Keywords

    asset ownership; welfare; dynamic effects;
    All these keywords.

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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