Lottery Wins and Employment in a Low-Income Country: Impacts and Mechanisms
利用越南1993和1998年生活水平调查数据,研究发现彩票中奖并未显著改变工作概率或工时,但促使中奖者放弃工资工作转向非农自雇,并投资于生产性资产和家庭非农企业。
In this study, we examine whether a positive income shock, measured by lottery wins, affects labor supply and the employment of individuals in Vietnam using Vietnam Living Standard Surveys 1993 and 1998. We do not find significant effects of lottery wins on the probability of working or on working hours. However, we find that lottery wins tend to be invested in productive assets and nonfarm household businesses. As a result, individuals from lottery-winning households tend to quit their wage-earning jobs and move to nonfarm self-employment. A 1% increase in lottery winnings results in a 0.22% increase in nonfarm income and a 0.056% increase in per capita income (excluding lottery winnings).