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Winning Big But Feeling No Better? The Effect of Lottery Prizes on Physical and Mental Health

Apouey, Bénédicte; Clark, Andrew E. - Centre for Economic Performance, LSE - 2013

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 self-assessed overall health, but a large positive effect on …

Persistent link: https://www.econbiz.de/10010674574

Adaptation to Poverty in Long-Run Panel Data

Clark, Andrew E.; D'Ambrosio, Conchita; Ghislandi, Simone - Centre for Economic Performance, LSE - 2014

We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show first that life satisfaction falls with both the incidence and intensity of...

Persistent link: https://www.econbiz.de/10011076080