Winners are happier but Paris School of Economics professor Andrew Clark said in a podcast interview there could be negative, unexpected consequences from taking home a lottery prize.
Let's drink to that
Even a small windfall may produce deterioration in health, he said in the interview that was published by the Centre of Economic Policy Research. Clark said data from the United Kingdom suggested it could be because winners were bigger smokers and drinkers. The German Institute for the Study of Labor published the research paper containing the findings, co-authored by Clark, in January this year under the title Winning Big but Feeling No Better? The Effect of Lottery Prizes on Physical and Mental Health.