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Correlational findings

Study Oswald & Winkelmann (2008): study DE 2000 /1

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 wins  < €3633
1 Large wins >= €3633

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

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 = -0.24         DMs = -0.23
T0-T2       DM = -0.28         DMs = -0.20
TO-T3       DM = +0.20         DMs = +0.35

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