SMU SOE Seminar (Mar 22, 2019, 4-5.30pm): 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.
		PRESENTER Erik Lindqvist Stockholm University and Research Institute of Industrial Economics
		RESEARCH FIELDS Labour Economics Public Economics
		DATE: 22 March 2019 (Friday)
		TIME: 4pm - 5.30pm
		VENUE: Interactive Media Room, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903