Published: 22nd Jun 2016
Having access to faster broadband could result in households enjoying higher incomes, new research has suggested.
Carried out by Chalmers University of Technology, Arthur D Little and Ericsson, the study revealed an upgrade from 4 Mbps to 8 Mbps increases earnings by around £75 a month in Organisation for Economic Co-operation and Development countries - of which the UK is one.
People in the UK who switch to satellite broadband may find they stand to gain financially as a result.
Erik Bohlin, a professor at Chalmers University of Technology, noted the research is the first of its kind to look at the impact broadband speed can have on earnings. He stated: "Based on rigorous scientific methods and comprehensive data, the study can show that increased broadband speed increases income, which has a number of important policy and strategy implications."
Partner at Arthur D Little Martin Glaumann said the findings add to the evidence suggesting building broadband speed can be a driver of economic growth.
Posted by Craig Roberts
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