In what ways in lagged consumption consistent with happiness literature?

Lagged consumption is consistent with happiness literature in that it suggests that people derive greater satisfaction from purchases that are meaningful and long-lasting, and less satisfaction from purchases that are fleeting or unsubstantial. For example, in a study on the relationship between lagged consumption and happiness, it was found that people who made purchases that were more expensive and of better quality tended to report greater satisfaction with their purchases over time. This supports the idea that spending money on experiences, services, and items that have a lasting impact tend to bring more satisfaction, as opposed to spending money on things that give a quick hit of pleasure but are ultimately forgotten. Similarly, happiness research has found that buying experiences, such as vacations or classes, tend to bring more satisfaction than buying material items in the short and long run.