Powdthavee, Nattavudh; Boyce, Christopher J.; Wood, Alex M. - 2011
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 …