WEST LAFAYETTE — Have you ever looked at your monthly cellphone bill and wondered, how does this computer in my pocket cost me so much?
According to a recent report by Finnish research firm Rewheel, Americans pay more for wireless data than consumers in most other developed countries.
Mara Faccio, a Purdue University professor in the Krannert School of Management, said the report adds to the growing body of evidence that U.S. wireless packages are excessively priced compared with similar services abroad.
So, what gives?
How cellphone data drains your finances compared to other countries
Faccio completed a working paper in 2017 with co-author Luigi Zingales, a finance professor at the University of Chicago Booth School of Business, analyzing mobile phone plans and telecommunication regulations in nearly 150 countries, according to a Purdue news release.
“We find the monthly prices in the U.S. are almost three times of those in Germany and more than twice the monthly prices in Denmark,” Faccio said. “In Italy, where I am from, the prices are even lower. The difference in prices is part of what motivated our study.”