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 …

measured improvement in mental wellbeing is 1.4 GHQ points. -- psychological health ; happiness ; GHQ ; income … individuals go on eventually to exhibit significantly better psychological health. Two years after a lottery win, the average …

studies the reverse. Using surveys of lottery winners, we analyze the effects of unearned income on the Big Five personality … traits. After correcting for potential endogeneity problems from prize sizes, we find that unearned income improves traits …. -- noncognitive skills ; personality traits ; lottery winners ; instrumental variables ; unearned income …

individuals go on eventually to exhibit significantly better psychological health. Two years after a lottery win, the average …

In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … of behaviours which are thought to influence health and are generally considered to invoke a substantial degree of free … choice. The main underlying assumption is that individuals are co-producers of their own health. We first present a …

We use British panel data to explore the exogenous impact of income on a number of individual health outcomes: general … us to make causal statements regarding the effect of income on health, as the amount won is largely exogenous. These … positive income shocks have no significant effect on general health, but a large positive effect on mental health. This result …