The Library
Money and mental wellbeing: A longitudinal study of medium-sized lottery wins
Tools
Tools
Tools
Gardner, Jonathan and Oswald, Andrew J. . (2007) Money and mental wellbeing: A longitudinal study of medium-sized lottery wins. Journal of Health Economics , 26 (1). pp. 49-60. ISSN 0167-6296
Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.jhealeco.2006.08.004
Abstract
One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between 1000 pound and 120,000 pound (that is, up to approximately US$200,000). When compared to two control groups-one with no wins and the other with small wins-these individuals go on eventually to exhibit significantly better psychological health. Two years after a lottery win, the average measured improvement in mental wellbeing is 1.4 GHQ points. (c) 2006 Elsevier B.V. All rights reserved.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HV Social pathology. Social and public welfare |
| Divisions: | Faculty of Social Sciences > Economics |
| Journal or Publication Title: | Journal of Health Economics |
| Publisher: | Elsevier |
| ISSN: | 0167-6296 |
| Date: | January 2007 |
| Volume: | 26 |
| Number: | 1 |
| Number of Pages: | 12 |
| Page Range: | pp. 49-60 |
| Identification Number: | 10.1016/j.jhealeco.2006.08.004 |
| Status: | Peer Reviewed |
| Publication Status: | Published |
| Access rights to Published version: | Restricted or Subscription Access |
| URI: | http://wrap.warwick.ac.uk/id/eprint/32448 |
Data sourced from Thomson Reuters' Web of Knowledge
Actions (login required)
 |
View Item |
