TY  - RPRT
        AU  - Gardner, Jonathan
AU  - Oswald, Andrew J.
        TI  - Money and Mental Wellbeing: A Longitudinal Study of Medium-Sized Lottery Wins
        PY  - 2006/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2233
        UR  - https://www.iza.org/publications/dp2233
        AB  - One of the famous questions in social science is whether money makes people happy. We offer new evidence by using longitudinal data on a random sample of Britons who receive medium-sized lottery wins of between £1000 and £120,000 (that is, up to approximately U.S. $200,000). When compared to two control groups – one with no wins and the other with small wins – these individuals go on eventually to exhibit significantly better psychological health. Two years after a lottery win, the average measured improvement in mental wellbeing is 1.4 GHQ points.
        KW  - GHQ
KW  - psychological health
KW  - happiness
KW  - income
        ER  -