G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w21762
来源IDWorking 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
URLhttps://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.
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