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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’...
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We analyze the determinants of global life satisfaction in two countries (The Netherlands and the U.S.), by using both … determinant of global life satisfaction, it is more important in the U.S. than in The Netherlands. Indeed life satisfaction varies … substantially more with income in the U.S. than in The Netherlands. -- Happiness ; life satisfaction ; vignettes ; reporting bias …
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