Long-run effects of lottery wealth on psychological well-being
Swedish lottery players surveyed 5 to 22 years after a major lottery event, pre-registered analysis; large-prize winners show sustained increases in overall life satisfaction persisting for over a decade with no evidence of dissipating; effects on happiness and mental health significantly smaller; financial life satisfaction an important mediator.
Swedish lottery players surveyed 5 to 22 years after a major lottery event, pre-registered analysis; large-prize winners show sustained increases in overall life satisfaction persisting for over a decade with no evidence of dissipating; effects on happiness and mental health significantly smaller; financial life satisfaction an important mediator.
Written from the abstract read 2026-10-16.
What our sources record
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Lindqvist, E., Östling, R., & Cesarini, D. (2020). Long-run effects of lottery wealth on psychological well-being. The Review of Economic Studies, 87(6), 2703-2726. doi:10.1093/restud/rdaa006.