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The Effect of Wealt...
The Effect of Wealth on Individual and Household Labor Supply : Evidence from Swedish Lotteries
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- Cesarini, David (författare)
- New York University
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- Lindqvist, Erik (författare)
- Stockholm School of Economics,Handelshögskolan i Stockholm
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- Notowidigdo, Matthew J. (författare)
- Northwestern University
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- Östling, Robert (författare)
- Stockholms universitet,Institutet för internationell ekonomi,Stockholm University (SE)
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(creator_code:org_t)
- American Economic Association, 2017
- 2017
- Engelska.
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Ingår i: The American Economic Review. - : American Economic Association. - 0002-8282 .- 1944-7981. ; 107:12, s. 3917-3946
- Relaterad länk:
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http://www.nber.org/...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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https://research.hhs...
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Abstract
Ämnesord
Stäng
- 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.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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