Television Access Linked to Household DebtOctober 20, 2009
NEW YORK:
TV is blamed for a multitude of sins--obesity, vulgarity, violence. Now,
researchers at the City University of New York have discovered that TV also
makes people poor. Matthew Baker and Lisa George mapped out a relationship
between exposure to television and household debt.
“We examine whether advertising increases household debt by studying the
initial expansion of television in the 1950s. Exploiting the idiosyncratic
spread of television across markets, we use microdata from the Survey of
Consumer Finances to test whether households with early access to television
saw steeper debt increases than households with delayed access. Results
indicate that television increases the tendency to borrow for household goods
and to carry debt. Television is associated with higher debt levels for durable
goods, but not with total non-mortgage debt. The role of media in household
debt may be greater than suggested by existing research,” the conclude in “The
Role of Television in Households Debt: Evidence From the 1950s.”
Baker and George noted that people came out of World War II with “almost no
debt. Household debt levels began rising steadily within a few years, then
rapidly from the late 1970s into the present... The results indicate that
television access is associated with a higher tendency to borrow to purchase
consumer goods and a higher tendency to hold non-mortgage debt.”
They conclude that more access to TV is
linked to a greater tendency to take on non-mortgage debt.
“Results also suggest that greater access to television is associated with
higher levels of debt for durable goods, though not for total debt levels. We provide
suggestive evidence that greater labor force participation might drive our
results. Taken together, the theoretical and empirical results suggest a role
for new research into the relationship between mass media advertising and
debt.”
TV also...
August 11, 2009: “... Gives Children High Blood Pressure”
vSubjects were sedentary on average five hours a day, and spent 1.5 hours in
front of a screen. The kids who watched the most TV (including DVDs and videos)
had the highest blood pressure. Computer use did not yield the same
association.
June
23, 2009: “...Makes People Tired”
“A recent article in the Journal of Labor Economics lays out how American sleep
schedule are, frankly, more televisionistic than circadian.”
June 2, 2009: “...
Deteriorates Kids’ Ability to Talk”
Kids and those who take care of them talk less the more they listen to TV,
according to a study from the University of Washington
School of Medicine.
| COMMENTS (1) | | 10/21/2009 | | And the baby boom had little to do with family debt increasing?
BTW The link to the report is incorrect. It should be:
http://arrow.hunter.cuny.edu/research/papers/HunterEconWP427.pdf |
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