Apouey, Bénédicte; Clark, Andrew E. - Institute for the Study of Labor (IZA) - 2010
We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …