| Literature DB >> 16949692 |
Jonathan Gardner1, Andrew J Oswald.
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 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.Entities:
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Year: 2006 PMID： 16949692 DOI： 10.1016/j.jhealeco.2006.08.004
Source DB: PubMed Journal: J Health Econ ISSN： 0167-6296 Impact factor: 3.883