Estimating the effect of unearned income on labor supply, earnings, savings and consumption: Evidence from a survey of lottery players

By Guido W. Imbens, Daniel L. Rubin, Bruce I. Sacerdote. 2001

172 citations recorded by the source corpus.

Subfields: Accounting, Clinical Psychology, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/58fbf70b6e1764efb7d9fca9e2e58f038762695a

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Citations in the corpus

Natural Experiments in Macroeconomics (2015, unknown): “Imbens et al. (2001) and Kuhn et al.”
The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries (2017, unknown): “Models without retirement predict labor-earnings responses that vary strongly with age (see, e.g., Imbens et al., 2001), a prediction our reduced-form estimates do not bear out.”
Estimating the Effect of Income on Health and Mortality Using Lottery Prizes as an Exogenous Source of Variation in Income (2005, unknown): “3 Some recent studies which have analyzed the effect of income on health or mortality are Ettner (1996), Deaton and Paxson (1999), Case (2001), and Lindeboom et al. (2001). For recent evidence based on Swedish data, see Sundberg (1998), Gerdtham and Johannesson (1999), and Gerdtham et al.”
Problems and Methods in the Study of Politics: The illusion of learning from observational research (2004, unknown): “Particularly attractive, therefore, are observational studies that are leas susceptible to bias, such as those based t variable (Imbens, Rubin, and Sacerdote 2001), near-random assignment (McConahay, 1982), or assignment that supports a regression-discontinuity analysis (Cook and Campbell 1979,…”
Labor Supply: Are the Income and Substitution Effects Both Large or Both Small? (2008, background): “[See Imbens, Rubin, and Sacerdote (2001), for example.]”
Conspicuous Consumption of Time: When Busyness and Lack of Leisure Time Become a Status Symbol (2016, unknown): “…once they reach their daily income target (Camerer et al. 1997), lottery winners work less and consume more leisure after receiving their prize (Imbens, Rubin, and Sacerdote 2001), and the ultra-rich spend the lion’s share of their yearly expenditures on vacations and leisure travels (Frank…”
Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor (2009, methodology): “For the income elasticity, the work of Imbens, Rubin, and Sacerdote (2001) is particularly informative.”
Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities (2013, unknown): “In practice, microeconometric estimates of income effects are quite small (Holtz- Eakin, Joulfaian, and Rosen 1993; Imbens, Rubin, and Sacerdote 2001), suggesting that the impact of the EITC change is well approximated by the Hicksian elasticity.”
A Stata Package for the Estimation of the Dose-response Function through Adjustment for the Generalized Propensity Score (2008, unknown): “ple We use data from the survey of Massachusetts lottery winners; the data are described in detail in Imbens, Rubin, and Sacerdote (2001).”
A Review of Recent Research on Labor Supply Elasticities (2012, methodology): “Using Social Security earnings records matched to survey data for lottery participants, Imbens, Rubin, and Sacerdote (2001) estimate income elasticities ranging from -0.05 to -0.11, which is still quite small.”
MPC Heterogeneity and Household Balance Sheets (2016, unknown): “Consumption and savings responses to lottery income have been studied before, most prominently by Imbens, Rubin, and Sacerdote (2001) and Kuhn, Kooreman, Soetevent, and Kapteyn (2011).”