Media consumption plays an increasingly important role in modern societies throughout the world. It is therefore essential to understand its effects. We review the existing evidence on the impact of media consumption on well-being, focusing in particular on television viewing and use of the Internet. In both cases we consider studies that examine the effects of either quantity of use or specific contents. With relatively few exceptions, the empirical literature generally indicates negative effects of television viewing and positive effects of Internet use.
This chapter reviews recent evidence on valuing interpersonal relations. We focus, in particular, on two approaches that have received much attention in the recent literature on relational goods: the hedonic price method and the life satisfaction approach. We survey the key empirical contributions while discussing the main advantages and limitations of the two approaches.