Estimating the Effect of Unearned Income on Labor Earnings , Savings , and Consumption : Evidence from a Survey of Lottery Players

By Guido W. Imbens, Donald B. Rubin, Bruce I. Sacerdote. 2008

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Citations in the corpus

The Effects of Lottery Prizes on Winners and Their Neighbors: Evidence from the Dutch Postcode Lottery (2011, background): “Compared to Imbens, Rubin, and Sacerdote (2001), we have a larger sample, more detail on types of consumption expenditures, smaller income shocks, and the income shocks we study are temporary.”
Debunking the Stereotype of the Lazy Welfare Recipient (2015, unknown): “These studies generally find that the pure income effect on labor supply is modest (Imbens, Rubin, and Sacerdote 2001; Cesarini et al. 2015).”
Microeconomics: Theory and Applications With Calculus (2007, result): “Imbens et al. (2001) compared the winners of major prizes to others who played the Massachusetts Megabucks lottery.”
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.”
Bounds on Elasticities with Optimization Frictions: A Synthesis of Micro and Macro Evidence on Labor Supply (2012, unknown): “Jacob and Ludwig do not report the effect of unearned income on earnings, so I use an estimate from Imbens, Rubin, and Sacerdote (2001), who report in Table 4, specification V, col. 1 a marginal propensity to earn out of unearned income (MPE) of -0.114 with a standard error of 0.015.”
Welfare programs and labor supply in developing countries: experimental evidence from Latin America (2012, unknown): “…below is derived from experimental evaluation designs,1 which have clear advantages over the policy and natural experiments underlying most previous studies of welfare programs and labor outcomes (Angrist and Krueger, 1999; Blundell and MaCurdy, 1999; Imbens et al., 2001; Eissa et al., 2008).”
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).”
Augmented minimax linear estimation (2017, methodology): “Here, we examine the robustness of the conclusions of Imbens, Rubin, and Sacer- dote (2001) to potential effect heterogeneity.”