The Soundtrack of a Crisis: More Positive Music Preferences During Economic and Social Adversity

This paper studies the positiveness in most consumed songs during a period of sadness, worry and uncertainty: the COVID-19 crisis in comparison with previous years. In order to perform the analysis, we create an original positive music indicator using a dataset of weekly patterns for music consumption in 31 OECD countries over a five year period. Results show that negative shocks from events such as economic business cycles and the COVID-19 pandemic increase the consumption of positive songs, suggesting that society compensates the negative impact on well-being with positive music. We conclude that society adapts sentiment-based music consumption preferences according to the socioeconomic situation.