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within the household. The paper then applies this theory to survey evidence on the response of labor supply to a large wealth … shock. The evidence implies that the constant marginal utility of wealth (Frisch) elasticity of labor supply is about one …
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This paper investigates how winning a substantial lottery prize affects labor supply. Analyzing data from Dutch State Lottery winners, we find that earnings are affected but not employment. Lottery prize winners reduce their hours of work but they are not very likely to withdraw from the labor...
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We study the effect of wealth on labor supply using the randomized assignment of monetary prizes in a large sample of …
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