Primary Outcomes (end points)
Lottery Prizes and Individual-Level Labor Earnings: Short-Run and Medium-Run Results
Lottery Prizes and Individual-Level Labor Earnings: Short-Run and Medium-Run Results
Lottery Prizes and Individual-Level Labor Earnings: Heterogeneity by Type of Lottery
Lottery Prizes and Individual-Level Labor Earnings: Alternative Specifications Investigating Nonlinear Responses
Lottery Prizes and Individual-Level Labor Earnings: Heterogeneity by Age, Gender, and Level of Education
Lottery Prizes and Individual-Level Labor Earnings: Heterogeneity by Pre-Win Earnings Levels
Lottery Prizes and Individual-Level Labor Earnings: Changing Employers, Occupation, Industry, and Into Self-Employment
Simulation-Based Estimates of Model Parameters
- Consumption Weight in Utility
- Annual Discount Rate
- Hours Constraint
Implied Labor Supply Elasticities from Calibrated Model
- Effect of lottery prize on total labor earnings over
remaining working life [Implied Lifetime Wealth Effect]
- Effect of permanent change in wages on total hours
worked [Uncompensated (Marshallian) Labor Supply Elasticity]
- Effect of transitory change in wages on hours worked
[Intertemporal Frisch Elasticity]
- Implied Compensated (Hicksian) Labor Supply Elasticity
(from (1) and (2) through Slutsky equation)
- Implied Lifetime Wealth Effects at Various Ages
The Effect of Wealth on Household Labor Earnings
The Effect of Wealth on Household Labor Earnings: Testing for Gender Differences