Labor supply effects of winning a lottery
Picchio,Matteo Suetens,Sigrid van Ours,Jan
Picchio,Matteo
Suetens,Sigrid
van Ours,Jan
Abstract
Our article investigates how winning a substantial lottery prize affects labour supply. Analysing data from Dutch State Lottery winners, we find that winning a lottery prize reduces labour earnings in the year of the winning, as well as in the years after the winning. This suggests that winning a lottery prize makes one work fewer hours. The effects are small but statistically significant. We do not find a significant effect of lottery prizes on the probability of being employed.
Description
Date
2018-06
Journal Title
Journal ISSN
Volume Title
Publisher
Research Projects
Organizational Units
Journal Issue
Keywords
labor supply, income effects, wealth shocks, lottery players, J22 - Time Allocation and Labor Supply, J29 - Other, SDG 8 - Decent Work and Economic Growth
Citation
Picchio, M, Suetens, S & van Ours, J 2018, 'Labor supply effects of winning a lottery', Economic Journal, vol. 128, no. 611, pp. 1700-1729. https://doi.org/10.1111/ecoj.12465