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SMU SOE Seminar (Mar 22, 2019, 4-5.30pm): Long-run Effects of Lottery Wealth on Psychological Well-being
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TOPIC:
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LONG-RUN EFFECTS OF LOTTERY WEALTH ON PSYCHOLOGICAL WELL-BEING
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ABSTRACT
We surveyed a large sample of Swedish lottery players about their psychological well-being and analyzed the data following pre-registered procedures. Relative to matched controls, large-prize winners experience sustained increases in overall life satisfaction that persist for over a decade and show no evidence of dissipating with time. The estimated treatment effects on happiness and mental health are significantly smaller, suggesting that wealth has greater long-run effects on evaluative measures of well-being than on affective ones. Follow-up analyses of domain-specific aspects of life satisfaction clearly implicate financial life satisfaction as an important mediator for the long-run increase in overall life satisfaction.
Click here to view the paper.
Click here to view the CV.
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PRESENTER
Erik Lindqvist
Stockholm University and
Research Institute of Industrial Economics
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RESEARCH FIELDS
Labour Economics
Public Economics
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DATE:
22 March 2019 (Friday)
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TIME:
4pm - 5.30pm
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VENUE:
Interactive Media Room, Level 5
School of Economics
Singapore Management University
90 Stamford Road
Singapore 178903
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