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Cited by 349

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

The Effects of Lottery Prizes on Winners and Their Neighbors: Evidence from the Dutch Postcode Lottery

Kuhn, Peter, Kooreman, Peter, Soetevent, Adriaan, Kapteyn, Arie·2011·American Economic Review
DOI 10.1257/aer.101.5.2226
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Abstract

Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners' consumption are largely confined to cars and other durables. Consistent with the theory of in-kind transfers, the vast majority of BMW winners liquidate their BMWs. We do, however, detect substantial social effects of lottery winnings: PCL nonparticipants who live next door to winners have significantly higher levels of car consumption than other nonparticipants. JEL: D14, D91, H23, H27

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Metadata

Authors
Kuhn, P., Kooreman, P., Soetevent, A., & Kapteyn, A.
Venue
American Economic Review
Publisher
American Economic Association
Published
2011-08-01
Volume
101
Issue
5
Pages
2226-2247
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.101.5.2226
OpenAlex
W2085927734
Cited by
349
References
3
FWCI
59.49
Type
journal article
Language
en
Open access
closed

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