Household structure decisions and positive wealth shocks: a natural experiment from the Spanish Christmas lottery

IF 1.3 4区经济学 Q3 DEMOGRAPHY

Journal of Demographic Economics Pub Date : 2024-03-19 DOI:10.1017/dem.2024.2

Levi Pérez, Álvaro Muñiz

引用次数: 0

Abstract

This paper explores whether a positive unexpected exogenous (unearned) wealth shock affects household structure decisions in different Spanish regions. The Christmas draw of the Spanish National Lottery is used in a natural experiment as a proxy for exogenous random variations in provincial wealth. A static and dynamic linear panel event-study design allows for control of changing economic and demographic conditions at the province level and the dynamic effects on the analyzed decisions. The evidence is consistent with families getting divorced and having children when the province in which they live experiences an unexpected increase in wealth, but no conclusive effect on wedding plans is found.

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家庭结构决策与正财富冲击：来自西班牙圣诞彩票的自然实验

本文探讨了西班牙不同地区的家庭结构决策是否会受到积极的意外外生（非所得）财富冲击的影响。在自然实验中，西班牙国家彩票的圣诞节开奖被用作省内财富外生随机变化的替代物。通过静态和动态线性面板事件研究设计，可以控制省一级不断变化的经济和人口状况，以及对所分析决策的动态影响。有证据表明，当家庭所在省份的财富出现意外增长时，这些家庭会离婚并生育子女，但没有发现对结婚计划有决定性的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Demographic Economics Multiple-

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： Demographic variables such as fertility, mortality, migration and family structures notably respond to economic incentives and in turn affect the economic development of societies. Journal of Demographic Economics welcomes both empirical and theoretical papers on issues relevant to Demographic Economics with a preference for combining abstract economic or demographic models together with data to highlight major mechanisms. The journal was first published in 1929 as Bulletin de l’Institut des Sciences Economiques. It later became known as Louvain Economic Review, and continued till 2014 to publish under this title. In 2015, it moved to Cambridge University Press, increased its international character and changed its focus exclusively to demographic economics.