Money and mental wellbeing: a longitudinal study of medium-sized lottery wins.

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 pounds and 120,000 pounds (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.

• Publication year

  2007

• Venue

  Journal of Health Economics

• Publication date

  Unknown publication date

• Fields of study

  Medicine, Economics, Psychology

• Identifiers
  DOI 10.1016/J.JHEALECO.2006.08.004PMID 16949692
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar, PubMed

• No claims are published for this paper.

• No concepts are published for this paper.

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