@article{Gardner:269647,
      recid = {269647},
      author = {Gardner, Jonathan and Oswald, Andrew J.},
      title = {Money and Mental Wellbeing: A Longitudinal Study of  Medium-Sized Lottery Wins },
      address = {2006-07-26},
      number = {2068-2018-1529},
      pages = {27},
      year = {2006},
      abstract = {One of the famous questions in social science is whether  money makes people happy. We offer new evidence by using  longitudinal data on a random sample of Britons who receive  medium-sized lottery wins of between £1000 and £120,000  (that is, up to approximately U.S. $200,000). When compared  to two control groups -- one with no wins and the other  with small wins -- these individuals go on eventually to  exhibit significantly better psychological health. Two  years after a lottery win, the average measured improvement  in mental wellbeing is 1.4 GHQ points. },
      url = {http://ageconsearch.umn.edu/record/269647},
      doi = {https://doi.org/10.22004/ag.econ.269647},
}