Labour Supply Effects of Winning a Lottery

• 成果类型: Article
• 署名作者: Picchio, Matteo; Suetens, Sigrid; van Ours, Jan C.
• 署名单位: Marche Polytechnic University; IZA Institute Labor Economics; Tilburg University; Center for Economic & Policy Research (CEPR); Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Melbourne; Tinbergen Institute
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12465
• 发表日期: 2018
• 页码: 1700-1729
• 关键词: winners; work; inheritance; players

摘要

Our article investigates how winning a substantial lottery prize affects labour supply. Analysing data from Dutch State Lottery winners, we find that winning a lottery prize reduces labour earnings in the year of the winning, as well as in the years after the winning. This suggests that winning a lottery prize makes one work fewer hours. The effects are small but statistically significant. We do not find a significant effect of lottery prizes on the probability of being employed.