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Buying Lottery Tickets for Foreign Workers : Search Cost Externalities Induced by H-1b Policy
Sharma, Rishi; Sparber, Chad - 2021
The H-1B program allows firms in the United States to temporarily hire high-skilled foreign citizens. H-1B workers are highly concentrated among a small number of firms. We develop a theoretical model demonstrating that this phenomenon is an artifact of policy design: When the government...
Persistent link: https://www.econbiz.de/10013314927
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The Effects of Lottery Prizes on Winners and Their Neighbors : Evidence from the Dutch Postcode Lottery
Kuhn, Peter - 2010
Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners'...
Persistent link: https://www.econbiz.de/10013141766
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The Long-Term Impacts of International Migration : Evidence from a Lottery
Gibson, John - 2015
We examine the long-term impacts of international migration by comparing immigrants who had successful ballot entries in a migration lottery program, and first moved almost a decade ago, with people who had unsuccessful entries into those same ballots. The long-term gain in income is found to be...
Persistent link: https://www.econbiz.de/10013012021
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Money and Mental Wellbeing : A Longitudinal Study of Medium-Sized Lottery Wins
Gardner, Jonathan; Oswald, Andrew J. - 2021
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/10013317507
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The Marital Satisfaction of Differently-Aged Couples
Lee, Wang-Sheng - 2017
We investigate how the marital age gap affects the evolution of marital satisfaction over the duration of marriage … older husbands. Marital satisfaction declines with marital duration for both men and women in differently-aged couples … relative to those in similarly-aged couples. These relative declines erase the initial higher levels of marital satisfaction …
Persistent link: https://www.econbiz.de/10012952608
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Subjective Well‐Being and Income : Is There Any Evidence of Satiation?
Stevenson, Betsey - 2013
subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and …
Persistent link: https://www.econbiz.de/10013082755
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Influence of Freedom of Choice on Happiness
Koohborfardhaghighi, Somayeh; Summers, Christopher; … - 2022
The literature on happiness shows that there are many factors that influence a person s happiness. Extending previous studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person s happiness. We define two hypothetical sub-constructs for the...
Persistent link: https://www.econbiz.de/10014030761
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The Happy Cultural Omnivore? Exploring the Relationship between Cultural Consumption Patterns and Subjective Well-Being
Bertacchini, Enrico; Bolognesi, Valentina; Venturini, … - 2021
investigate how heterogeneity in cultural profiles is associated with overall life satisfaction and relevant domains (health … relationship between cultural participation and overall life satisfaction. Still, a more complex picture arises when considering … all the statistically significant differences in life and domain satisfaction across cultural consumption patterns. These …
Persistent link: https://www.econbiz.de/10013324554
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Explaining the Favorite-Longshot Bias : Is it Risk-Love or Misperceptions?
Snowberg, Erik C. - 2011
The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...
Persistent link: https://www.econbiz.de/10013133624
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Lotteries vs. All-Pay Auctions in Fair and Biased Contests
Epstein, Gil S. - 2012
The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...
Persistent link: https://www.econbiz.de/10013096475