News

Lottery winners live a happier life!

2018-08-27


Justin Wolfers, professor of economics and public policy at the University of Michigan, writes a column in the New York Times about research by David Cesarini, New York University and affiliated to IFN, Erik Lindqvist, Stockholm School of Economics and affiliated to IFN, and Robert Östling, Stockholm University. They show that lottery winners live a happier life, contrary to what many previously believed. Cesarini explains that there is a “widespread misperception that science has proved that winning the lottery often makes people miserable.” Wolfers writes that "these effects are remarkably durable. They were still evident up to two decades after a big win. (The researchers lacked the data to trace out even longer-term consequences.)"

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