The DOI matches its Crossref record; 55 of the 55 references it cites were found in a registry or an index.
Winning Big but Feeling no Better? The Effect of Lottery Prizes on Physical and Mental Health
Open accessAbstract
Summary: We use British panel data to determine the exogenous impact of income on a number of individual health outcomes: general health status, mental health, physical health problems, and health behaviours (drinking and smoking). Lottery winnings allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely exogenous. Positive income shocks have no significant effect on self‐assessed overall health, but a significant positive effect on mental health. This result seems paradoxical on two levels. First, there is a well‐known gradient in health status in cross‐sectional data, and second, general health should partly reflect mental health, so that we may expect both variables to move in the same direction. We propose a solution to the first apparent paradox by underlining the endogeneity of income. For the second, we show that lottery winnings are also associated with more smoking and social drinking. General health will reflect both mental health and the effect of these behaviours and so may not improve following a positive income shock. Copyright © 2014 John Wiley & Sons, Ltd.
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Cites
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Self-citationLottery winners and accident victims: Is happiness relative?
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Are Recessions Good for Your Health?
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Are Recessions Good For Your Health?
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Self-citationCollective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
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New evidence on the relationship between income and health
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Cited by
Haushofer, J., & Fehr, E. (2014) · Science · doi:10.1126/science.1232491 · Cited by 1,638
Poverty, depression, and anxiety: Causal evidence and mechanisms
Ridley, M., Rao, G., Schilbach, F., & Patel, V. (2020) · Science · doi:10.1126/science.aay0214 · Cited by 1,220
Thomson, R. M., Igelström, E., Purba, A. K., Shimonovich, M., Thomson, H., McCartney, G., Reeves, A., Leyland, A., Pearce, A., & Katikireddi, S. V. (2022) · The Lancet Public Health · doi:10.1016/s2468-2667(22)00058-5 · Cited by 304
Cesarini, D., Lindqvist, E., Östling, R., & Wallace, B. (2016) · The Quarterly Journal of Economics · doi:10.1093/qje/qjw001 · Cited by 294
Long-Run Effects of Lottery Wealth on Psychological Well-Being
Lindqvist, E., Östling, R., & Cesarini, D. (2020) · The Review of Economic Studies · doi:10.1093/restud/rdaa006 · Cited by 166
Metadata
- Authors
- Apouey, B., & Clark, A. E.
- Venue
- Health Economics
- Publisher
- Wiley
- Published
- 2014-02-18
- Volume
- 24
- Issue
- 5
- Pages
- 516-538
- ISSN
- 1057-9230 (ISSN-L)
- 1099-1050
- OpenAlex
- W1885654877
- Cited by
- 259
- References
- 55
- FWCI
- 25.18
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
