Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
Number of Authors: 42017 (English)In: The American Economic Review, ISSN 0002-8282, E-ISSN 1944-7981, Vol. 107, no 12, p. 3917-3946Article in journal (Refereed) Published
Abstract [en]

We study the effect of wealth on labor supply using the randomized assignment of monetary prizes in a large sample of Swedish lottery players. Winning a lottery prize modestly reduces earnings, with the reduction being immediate, persistent, and quite similar by age, education, and sex. A calibrated dynamic model implies lifetime marginal propensities to earn out of unearned income from -0.17 at age 20 to -0.04 at age 60, and labor supply elasticities in the lower range of previously reported estimates. The earnings response is stronger for winners than their spouses, which is inconsistent with unitary household labor supply models.

Place, publisher, year, edition, pages
2017. Vol. 107, no 12, p. 3917-3946
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-152514DOI: 10.1257/aer.20151589ISI: 000419026500008OAI: oai:DiVA.org:su-152514DiVA, id: diva2:1180930
Available from: 2018-02-07 Created: 2018-02-07 Last updated: 2018-02-07Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full text

Search in DiVA

By author/editor
Östling, Robert
By organisation
Institute for International Economic Studies
In the same journal
The American Economic Review
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf