Does money strengthen our social ties? Longitudinal evidence of lottery winners

• Main Authors: Costa-Font, Joan, Powdthavee, Nattavudh
• Other Authors: School of Social Sciences
• Format: Article
• Language: English
• Published: 2023
• Subjects: Social sciences::Sociology; Lottery Win; Social Relationships; Social Ties; Money
• Online Access: https://hdl.handle.net/10356/166539
• Institution: Nanyang Technological University

We study the effect of lottery wins on the strength of social ties and its different types, including support networks, in the United Kingdom. On average, we find that winning more in the lottery increases the probability of meeting friends on most days, which is consistent with the complementary ef...