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Money and Mental Wellbeing: A Longitudinal Study of Medium-Sized Lottery Wins
Gardner, Jonathan; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2006
One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between £1000 and £120,000 (that is, up to approximately U.S. $200,000). When compared to...
Persistent link: https://www.econbiz.de/10005761732
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Does Money Make People Right-Wing and Inegalitarian? A Longitudinal Study of Lottery Winners
Powdthavee, Nattavudh; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2014
The causes of people's political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party and to become less...
Persistent link: https://www.econbiz.de/10010739414
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Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects
Neve, Jan-Emmanuel De; Oswald, Andrew J. - CESifo - 2012
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010595387
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Estimating the Influence of Life Satisfaction and Positive Affect on Later Income Using Sibling Fixed-Effects
De Neve, Jan-Emmanuel; Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2012
The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person's well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …
Persistent link: https://www.econbiz.de/10010705552