By Juan de Lucio & Marco Palomeque
We listen to music every day. It is our companion when we travel and enhances the emotions of our favourite movie scenes. Whilst it may act as the life and soul of a party, music can also accompany us in our gloomier moments. At any point of time, we choose what music matches our mood. In this study, we explore how musical preferences change when macroeconomic conditions change. The results show that musical preferences adapt to smooth out fluctuations in social welfare (SWB) related to business cycles; for example, society prefers positive music in recessions.
Continue reading “MUSIC PREFERENCES AS AN INSTRUMENT OF EMOTIONAL SELF-REGULATION ALONG THE BUSINESS CYCLE”
Recent Comments