Social capital and windfalls: Empirical evidence
We examine the correlates of windfall gains amongst a sample of British respondents. Our results suggest that such gains are not random, but are significantly related to a variety of individual characteristics and traits. In particular, proxies of social capital are significantly related to the probability of receiving a windfall.
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- Yannis Georgellis & John Sessions & Nikolaos Tsitsianis, 2005. "Windfalls, Wealth, and the Transition to Self-Employment," Small Business Economics, Springer, vol. 25(5), pages 407-428, December.
- Guido W. Imbens & Donald B. Rubin & Bruce I. Sacerdote, 2001. "Estimating the Effect of Unearned Income on Labor Earnings, Savings, and Consumption: Evidence from a Survey of Lottery Players," American Economic Review, American Economic Association, vol. 91(4), pages 778-794, September.
- Blanchflower, David G & Oswald, Andrew J, 1998. "What Makes an Entrepreneur?," Journal of Labor Economics, University of Chicago Press, vol. 16(1), pages 26-60, January.
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