From: Chris Rasch (crasch@openknowledge.org)
Date: Sun Jul 22 2001 - 11:01:27 MDT
Mike Lorrey wrote:
>
> Another 'well, DUH' conclusion. This doesn't say anything about
> lotteries, though.
I forgot the link to the article online:
Inheritance and Sloth by James K. Glassman, in the October 11, 1999 of Forbes.
http://www.aei.org/ra/raglass151.htm
Here's the section relevant to lotteries:
"...The Imbens research reinforces an earlier study by H. Roy Kaplan, a
sociologist now with the National Conference for Community & Justice in Tampa,
Fla. In a 1985 paper in the Journal of the Institute of Socioeconomic Studies,
Kaplan found that one-fourth of the big winners and their spouses stopped working
within a year of their winning...."
However, the effects of inheriting a large sum of money would seem to be similar
to winning the lottery, so I think that the article would've been relevant, even
if it had not mentioned lotteries at all.
Chris
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