The effects of income on health: Evidence from lottery wins in Singapore
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Seonghoon | - |
dc.contributor.author | Koh, Kanghyock | - |
dc.date.accessioned | 2022-03-04T17:41:38Z | - |
dc.date.available | 2022-03-04T17:41:38Z | - |
dc.date.created | 2021-12-07 | - |
dc.date.issued | 2021-03 | - |
dc.identifier.issn | 0167-6296 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/137769 | - |
dc.description.abstract | We estimate the causal effects of household income on self-reported health status by exploiting random variations in the amount of lottery prizes won. We find that a S$10,000 (US$7,245) increase in income via lottery wins improves individuals' health by a standard deviation of 0.18. As possible mechanisms, we find that lottery wins increase household consumption spending and improve overall life satisfaction, but do not change healthcare spending, labor supply, and risky health behavior. Previous studies, which focused on the health effects of lottery prizes in Western European countries with strong social safety nets, do not find positive effects other than those on mental health. By contrast, the current study contributes to the literature by providing new evidence of the positive health effect of income via lottery wins in a country without strong social safety nets. (C) 2020 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ELSEVIER | - |
dc.title | The effects of income on health: Evidence from lottery wins in Singapore | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Koh, Kanghyock | - |
dc.identifier.doi | 10.1016/j.jhealeco.2020.102414 | - |
dc.identifier.scopusid | 2-s2.0-85098661735 | - |
dc.identifier.wosid | 000630174300009 | - |
dc.identifier.bibliographicCitation | JOURNAL OF HEALTH ECONOMICS, v.76 | - |
dc.relation.isPartOf | JOURNAL OF HEALTH ECONOMICS | - |
dc.citation.title | JOURNAL OF HEALTH ECONOMICS | - |
dc.citation.volume | 76 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | Health Care Sciences & Services | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | Health Care Sciences & Services | - |
dc.relation.journalWebOfScienceCategory | Health Policy & Services | - |
dc.subject.keywordPlus | WEALTH | - |
dc.subject.keywordPlus | PRIZES | - |
dc.subject.keywordPlus | DEMAND | - |
dc.subject.keywordPlus | MONEY | - |
dc.subject.keywordAuthor | Lottery prize | - |
dc.subject.keywordAuthor | Health | - |
dc.subject.keywordAuthor | Unearned income | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
(02841) 서울특별시 성북구 안암로 14502-3290-1114
COPYRIGHT © 2021 Korea University. All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.