Labor supply effects of winning a lottery

Matteo Picchio, Sigrid Suetens, Jan van Ours

Research output: Contribution to journalArticleScientificpeer-review

9 Citations (Scopus)

Abstract

This paper investigates how winning a substantial lottery prize affects labor supply. Analyzing data from Dutch State Lottery winners, we find that earnings are affected but not employment. Lottery prize winners reduce their hours of work but they are not very likely to withdraw from the labor force. We also find that the effects of lottery prizes last for several years and materialize predominantly among young single individuals without children.
Original languageEnglish
Pages (from-to)1700-1729
JournalThe Economic Journal
Volume128
Issue number611
DOIs
Publication statusPublished - Jun 2018

Keywords

  • labor supply
  • income effects
  • wealth shocks
  • lottery players

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