Labor Supply Effects of Winning a Lottery

This paper investigates how winning a substantial lottery prize affects labor supply. Analyzing data from Dutch State Lottery winners, we find that earnings are affected but not employment. Lottery prize winners reduce their hours of work but they are not very likely to withdraw from the labor force. We also find that the effects of lottery prizes last for several years and materialize predominantly among young single individuals without children.

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Year of publication:	2015
Authors:	Picchio, Matteo ; Suetens, Sigrid ; van Ours, Jan C.
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	labor supply \| income effects \| wealth shocks \| lottery players

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Series:	IZA Discussion Papers ; 9472
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	840792182 [GVK] hdl:10419/124979 [Handle] RePEc:iza:izadps:dp9472 [RePEc]
Classification:	J22 - Time Allocation and Labor Supply ; J29 - Time Allocation; Work Behavior; Employment Determination and Creation. Other
Source:	EconStor

Persistent link: https://www.econbiz.de/10011401733