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Correlational findings

Study Oswald & Winkelmann (2008): study DE 2000

Public:
Lottery winners, Germany, followed 3 years, 2000-2007
Survey name:
DE-SOEP
Sample:
Respondents:
N = 198
Non Response:
Assessment:
Interview: face-to-face

Correlate

Authors's label
substantial win
Our Classification
Operationalization
0 Small win (<3633 euro)
1 Large win
Only significant prizes are taken into account, ranging between 446 and 681,202 Euros. Wins below 3633 Euros are 'small wins'. This control group has an average win of 1668 Euros. Data provided relate to the group of large winners, averaging 31,539 Euros.

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLW-c-sq-n-11-d DM = +/- ns CHANGE in happiness after winning

        Without controls      With controls   
T0-T1       DM = -0.242         DMs = -0.225
T0-T2       DM = -0.275         DMs = -0.203
TO-T3       DM = +0.197         DMs = +0.352

DMs controls for T0:
- employment
- household size
- male
- age, age squared
- german
- married, never married (excluded category: separated, divorced or widowed
- years of education
- logarithmic household income
- health satisfaction
T0 = year before the win
T1 = on average 6 months after the win
T2 = on average 18 months after the win
T3 = third year after the win