Estimating the effect of unearned income on labor earnings, savings, and consumption: Evidence from a survey of lottery players

American Economic Review

Volumn 91, Issue 4, 2001, Pages 778-794

  Imbens, Guido W ^a   Rubin, Donald B ^b   Sacerdote, Bruce I ^c  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b HARVARD UNIVERSITY   (United States)

^c Dartmouth College   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0040376043     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.91.4.778     Document Type: Article

References (26)

1. Angrist, Joshua and Krueger, Alan. "Empirical Strategies in Labor Economics," in Orley Ashenfelter and David Card, eds., Handbook of labor economics. Amsterdam: North-Holland, 2000, pp. 1277-1366.
2. Ashenfelter, Orley and Ham, John. "Education, Unemployment and Earnings." Journal of Political Economy, October 1979, 87(5), pp. S99-116.
3. Ashenfelter, Orley and Heckman, James. "The Estimation of Income and Substitution Effects in a Model of Family Labor Supply." Econometrica, January 1974, 42(1), pp. 73-85.
4. Blundell, Richard and MaCurdy, Thomas. "Labor Supply," in Orley Ashenfelter and David Card, eds., Handbook of labor economics. Amsterdam: North-Holland, 2000, pp. 1559-1695.
5. Bodkin, Ronald. "Windfall Income and Consumption." American Economic Review, September 1959, 49(4), pp. 602-14.
6. Clotfelter, Charles and Cook, Philip. Selling hope: State lotteries in America. Cambridge, MA: Harvard University Press, 1989.
7. Clotfelter, Charles and Cook, Philip. "The Demand for Lottery Products." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 2928, April 1989.
8. Farrel, Lisa and Walker, Ian. "The Welfare Effects of Lotto: Evidence from the UK." Journal of Public Economics, April 1999, 72(1), pp. 99-120.
9. Hausman, Jerry and Wise, David. "Technical Problems in Social Experimentation: Cost versus Ease of Analysis," in Jerry Hausman and David Wise, eds., Social experimentation. Chicago: Chicago University Press, 1985, pp. 187-219.
10. Holtz-Eakin, Douglas; Joulfaian, David and Rosen, Harvey. "The Carnegie Conjecture: Some Empirical Evidence." Quarterly Journal of Economics, May 1993, 108(2), pp. 413-35.
11. Hyslop, Dean. "The Covariance Structure of Intrafamily Earnings, Rising Inequality and Family Labor Supply." American Economic Review, September 2001, 91(4), pp. 755-77.
12. Imbens, Guido; Rubin, Donald; and Sacerdote, Bruce. "Estimating the Effect of Unearned Income on Labor Earnings, Savings and Consumption: Evidence from a Survey of Lottery Players." National Bureau of Economic Research (Cambridge, MA), Working Paper No. 7001, March 1999.
13. Johnson, Terry and Pencavel, John. "Dynamic Hours of Work Functions for Husbands, Wives, and Single Females." Econometrica, March 1984, 52(2), pp. 363-90.
14. Kaplan, H. Roy. "Lottery Winners and Work Commitment." Journal of the Institute for Socioeconomic Research, Summer 1985, 10(2), pp. 82-94.
15. Killingsworth, Mark and Heckman, James. "Female Labor Supply: A Survey," in Orley Ashenfelter and Richard Layard, eds., Handbook of labor economics. Amsterdam: North-Holland, 1986, pp. 103-204.
16. Kreinin, Mordechai. "Windfall Income and Consumption - Additional Evidence." American Economic Review, June 1961, 51(3), pp. 388-90.
17. Landsberger, Michael. "Windfall Income and Consumption." American Economic Review, June 1966, 56(3), pp. 534-40.
18. Little, Roderick and Rubin, Donald. Statistical analysis with missing data. New York: Wiley, 1987.
19. MaCurdy, Thomas. "An Empirical Model of Labor Supply in a Life-Cycle Setting." Journal of Political Economy, December 1981, 89(6), pp. 1059-85.
20. Morrill, William. "Introduction: Special Issue on Negative Income Tax." Journal of Human Resources, Spring 1974, 9(2), pp. 156-57.
21. Pencavel, John. "Labor Supply of Men: A Survey," in Orley Ashenfelter and Richard Layard, eds., Handbook of labor economics. Amsterdam: North-Holland, 1986, pp. 3-102.
22. Philipson, Thomas. "Observational Agency and Supply-Side Econometrics." National Bureau of Economic Research (Cambridge, MA) Working Paper No. 210, February 1997.
23. Rees, Albert. "An Overview of the Labor Supply Results." Journal of Human Resources, Spring 1974, 9(2), pp. 158-80.
24. Rubin, Donald. Multiple imputation. New York: Wiley, 1987.
25. Sacerdote, Bruce. "The Lottery Winner Survey, Crime and Social Interactions, and Why Is There More Crime in Cities." Ph.D. dissertation, Harvard University, 1996.
26. Thaler, Richard. "Savings, Fungibility, and Mental Accounts." Journal of Economic Perspectives, Winter 1990, 4(1), pp. 193-205.