Journal of cultural economics, 2023-06, Vol.47 (2), p.181-204
2023
Details
- Autor(en) / Beteiligte
- Titel
- Music preferences as an instrument of emotional self-regulation along the business cycle
- Ist Teil von
- Journal of cultural economics, 2023-06, Vol.47 (2), p.181-204
- Ort / Verlag
- New York: Springer US
- Erscheinungsjahr
- 2023
- Link zum Volltext
- Quelle
- SpringerLink (Online service)
- Beschreibungen/Notizen
- This paper studies the influence of macroeconomic conditions on subjective well-being and music preferences. The macroeconomic cycle exerts an effect on happiness and well-being that consumers counterbalance by modifying music consumption. We use machine learning techniques to make a weekly classification of the top 100 songs of Billboard Hot 100 into positive and negative lyrics over the period 1958–2019. When unemployment is high, society generally prefers more positive songs. Other macroeconomic indicators such as high inflation, high interest rates or low stock market prices also affect musical preferences. These results provide initial evidence regarding the use of cultural consumption to offset business cycle oscillations.
- Sprache
- Englisch
- Identifikatoren
- ISSN: 0885-2545eISSN: 1573-6997DOI: 10.1007/s10824-022-09454-7Titel-ID: cdi_pubmedcentral_primary_oai_pubmedcentral_nih_gov_9358113
- Format
- –
- Schlagworte
- Arts, Billboards, Business cycles, Consumer behavior, Consumption, Cultural Economics, Culture, Economic Policy, Economics, Economics and Finance, Emotional regulation, Emotions, Happiness, Inflation, Interest rates, Lyrics, Macroeconomics, Microeconomics, Music, Original, Original Article, Prices, Regional and Cultural Studies, Securities markets, Self regulation, Society, Songs, Stock exchanges, Unemployment, Well being