Consumption Pattern Benefits of the Cultural Activities in South Korea

This study examines the relationship between cultural consumption pattern and an individual’s subjective well-being. We divide of activities by frequency, diversity, inclusion estimate monetary value participation in culture arts through marginal rate substitution. To reduce omitted variable bias, various factors are controlled for, such as basic demographics satisfaction with personal relationship, class awareness, income level, charitable donations voluntary activities. The results show that can improve well-being, thus suggesting use vouchers. Specifically, we find coefficients on frequency positive statistically significant, indicating Korea have a individuals’ Our research provides insight to government organizations involved promotion leisure policies.