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Winning big but feeling no better? The effect of lottery prizes on physical and mental health
Apouey, Bénédicte; Clark, Andrew E. - 2010
We use British panel data to determine the exogenous impact of income on a number of individual health outcomes … allow us to make causal statements regarding the effect of income on health, as the amount won by winners is largely … exogenous. Positive income shocks have no significant effect on general health, but a large positive effect on mental health …
Persistent link: https://www.econbiz.de/10010269573
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - 2011
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010280689
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - 2012
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010286974