The Effect of Wealth on Individual and Household Labor Supply: Evidence from Swedish Lotteries
利用瑞典彩票中奖的随机分配，研究发现财富增加会适度减少劳动收入，且影响持久，对配偶影响较弱，不支持家庭统一劳动供给模型。
We study the effect of wealth on labor supply using the randomized assignment of monetary prizes in a large sample of Swedish lottery players. Winning a lottery prize modestly reduces earnings, with the reduction being immediate, persistent, and quite similar by age, education, and sex. A calibrated dynamic model implies lifetime marginal propensities to earn out of unearned income from −0.17 at age 20 to −0.04 at age 60, and labor supply elasticities in the lower range of previously reported estimates. The earnings response is stronger for winners than their spouses, which is inconsistent with unitary household labor supply models.