Long-Run Effects of Lottery Wealth on Psychological Well-Being
By Erik Lindqvist, Robert Östling, David Cesarini. The Review of Economic Studies, 2018
120 citations recorded by the source corpus.
We surveyed a large sample of Swedish lottery players about their psychological well-being 5–22 years after a major lottery event and analysed 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 over time. The estimated treatment effects on happiness and mental health are significantly smaller. Follow-up analyses of domain-specific aspects of life satisfaction implicate financial life satisfaction as an important mediator for the long-run increase in overall life satisfaction.
Subfields: Applied Psychology, Clinical Psychology, Social Psychology
View Paper: https://www.semanticscholar.org/paper/1faaa6bdc138d8223cbd8abf0db85a6357497d00
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Citations in the corpus
- Poverty, depression, and anxiety: Causal evidence and mechanisms (2020, background): “Further suggestive evidence for uncertainty as a mechanism comes from the small or zero effect of wealth shocks on mental health in countries with generous and comprehensive systems of social insurance, such as Sweden ( 34 , 35 ).”