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Discussion Paper Details

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Title: Labor Supply Effects of Winning a Lottery

Author(s): Matteo Picchio, Sigrid Suetens and Jan C. van Ours

Publication Date: November 2015

Keyword(s): income effects, labor supply, lottery players and wealth shocks

Programme Area(s): Labour Economics

Abstract: This paper investigates how winning a substantial lottery prize affects labor supply. Analyzing data from Dutch State Lottery winners, we find that earnings are affected but not employment. Lottery prize winners reduce their hours of work but they are not very likely to withdraw from the labor force. We also find that the effects of lottery prizes last for several years and materialize predominantly among young single individuals without children.

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Bibliographic Reference

Picchio, M, Suetens, S and van Ours, J. 2015. 'Labor Supply Effects of Winning a Lottery'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10929