RT Journal Article
SR Electronic
T1 Lucky in Life, Unlucky in Love?
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 403
OP 426
DO 10.3368/jhr.46.2.403
VO 46
IS 2
A1 Scott Hankins
A1 Mark Hoekstra
YR 2011
UL http://jhr.uwpress.org/content/46/2/403.abstract
AB Economists have long been interested in the extent to which economic resources affect decisions to marry and divorce. However, this issue has been difficult to address empirically due to a lack of exogenous income shocks. We overcome this problem by exploiting the randomness of the Florida Lottery and comparing recipients of large prizes to those of small prizes. Results indicate that while positive income shocks of $25,000 to $50,000 do not cause statistically significant or economically meaningful changes in divorce rates, single women are less likely to marry as a result of the additional income.