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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w21762 |
来源ID | Working Paper 21762 |
The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries | |
David Cesarini; Erik Lindqvist; Matthew J. Notowidigdo; Robert Östling | |
发表日期 | 2015-11-30 |
出版年 | 2015 |
语种 | 英语 |
摘要 | We study the effect of wealth on labor supply using the randomized assignment of monetary prizes in a large sample of Swedish lottery players. We find winning a lottery prize modestly reduces labor earnings, with the reduction being immediate, persistent, and similar by age, education, and sex. A calibrated dynamic model of individual labor supply implies an average lifetime marginal propensity to earn out of unearned income of -0.11, and labor-supply elasticities in the lower range of previously reported estimates. The earnings response is stronger for winners than their spouses, which is inconsistent with unitary household labor supply models. |
主题 | Labor Economics ; Labor Supply and Demand |
URL | https://www.nber.org/papers/w21762 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579435 |
推荐引用方式 GB/T 7714 | David Cesarini,Erik Lindqvist,Matthew J. Notowidigdo,et al. The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries. 2015. |
条目包含的文件 | 条目无相关文件。 |
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