TY  - RPRT
        AU  - Powdthavee, Nattavudh
AU  - Oswald, Andrew J.
        TI  - Does Money Make People Right-Wing and Inegalitarian? A Longitudinal Study of Lottery Winners
        PY  - 2014/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 7934
        UR  - https://www.iza.org/publications/dp7934
        AB  - The causes of people's political attitudes are largely unknown. We study this issue by exploiting longitudinal data on lottery winners. Comparing people before and after a lottery windfall, we show that winners tend to switch towards support for a right-wing political party and to become less egalitarian. The larger the win, the more people tilt to the right. This relationship is robust to (i) different ways of defining right-wing, (ii) a variety of estimation methods, and (iii) methods that condition on the person previously having voted left. It is strongest for males. Our findings are consistent with the view that voting is driven partly by human self-interest. Money apparently makes people more right-wing.
        KW  - voting
KW  - gender
KW  - lottery wins
KW  - political preferences
KW  - income
KW  - attitudes
        ER  -