{"title":"Household structure decisions and positive wealth shocks: a natural experiment from the Spanish Christmas lottery","authors":"Levi Pérez, Álvaro Muñiz","doi":"10.1017/dem.2024.2","DOIUrl":null,"url":null,"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.","PeriodicalId":43286,"journal":{"name":"Journal of Demographic Economics","volume":"144 1","pages":""},"PeriodicalIF":1.3000,"publicationDate":"2024-03-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Demographic Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1017/dem.2024.2","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"DEMOGRAPHY","Score":null,"Total":0}
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.
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.
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