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Cited by 259

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 access
Apouey, Benedicte, Clark, Andrew E.·2015·Health Economics
DOI 10.1002/hec.3035
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Abstract

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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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
DOI
10.1002/hec.3035
OpenAlex
W1885654877
Cited by
259
References
55
FWCI
25.18
Type
journal article
Language
en
Open access
green

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