Replication data for: The Effects of Lottery Prizes on Winners and Their Neighbors: Evidence from the Dutch Postcode Lottery
Principal Investigator(s): View help for Principal Investigator(s) Peter Kuhn; Peter Kooreman; Adriaan Soetevent; Arie Kapteyn
Version: View help for Version V1
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Project Citation:
Kuhn, Peter, Kooreman, Peter, Soetevent, Adriaan, and Kapteyn, Arie. Replication data for: The Effects of Lottery Prizes on Winners and Their Neighbors: Evidence from the Dutch Postcode Lottery. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116096V1
Project Description
Summary:
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Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners' consumption are largely confined to cars and other durables. Consistent with the theory of in-kind transfers, the vast majority of BMW winners liquidate their BMWs. We do, however, detect substantial social effects of lottery winnings: PCL nonparticipants who live next door to winners have significantly higher levels of car consumption than other nonparticipants.
JEL: D14, D91, H23, H27
Scope of Project
JEL Classification:
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D14 Household Saving; Personal Finance
D15 Intertemporal Household Choice; Life Cycle Models and Saving
H23 Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
H27 Taxation, Subsidies, and Revenues: Other Sources of Revenue
D14 Household Saving; Personal Finance
D15 Intertemporal Household Choice; Life Cycle Models and Saving
H23 Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
H27 Taxation, Subsidies, and Revenues: Other Sources of Revenue
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