Money and mental wellbeing
Subtitle: a longitudinal study of medium-sized lottery wins
By: by Jonathan Gardner, Andrew J. Oswald
Contributors: Oswald, Andrew J.
Series: Discussion paper -- no. 2233; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) -- no. 2233
Publisher: IZA
Published: 2006
Place of publication: Bonn, Germany
Language: eng
Format: [electronic resource] :
Subjects: Lottery winners; Happiness
Description: "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 Đ1000 and Đ120,000 (that is, up to approximately U.S. $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"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Title from PDF file as viewed on 8/3/2006.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.