Dear all
You are invited to attend a seminar by visiting professor Andrew Clark from the Paris School of Economics hosted by the Healthcare management group at Imperial College business school.
Title:
Winning Big but Feeling No Better? The Effect of Lottery Prizes on Physical and Mental Health
Details:
Level 1, boardroom, Imperial college business school
Tuesday 3rd May, 13:00 – 14:00
A light lunch will be served beforehand.
Abstract:
We use British panel data to determine the exogenous impact of income on general health, mental health, physical health problems, drinking and smoking. Lottery winnings allow us to make causal statements regarding the effect of income on health. Positive income shocks have no significant effect on general health, but a large positive effect on mental health.
This result seems paradoxical on two levels. First, there is a well-known gradient in health status in cross-section data, and, second, general health should partly reflect mental health, so that we may expect both variables to move in the same direction. We propose a solution to the first apparent paradox by underlining the endogeneity of income. For the second, we show that lottery winnings are also associated with more smoking and social drinking. General health reflects both mental health and the effect of these behaviours, and so may not improve following an income shock.
To register please email me directly at [log in to unmask]
Kind regards
Philippa Egan
PA to Carol Propper / Group Secretary
Imperial College Business School
Tanaka Building
South Kensington Campus
London SW7 2AZ
T: +44 (0)20 7594 9173
E: [log in to unmask]
W: www.imperial.ac.uk/business-school
|