How much of a problem is problem gambling?

Rob Pryce, Ian Walker () and Rhys Wheeler

No 167235280, Working Papers from Lancaster University Management School, Economics Department

Abstract: Problem gambling is conventionally defined by the score in a specific questionnaire exceeding some critical value and data suggests is that 0.7% of adults in the UK could be afflicted. However, the literature has not evaluated the size of the harm associated with such an affliction and this research evaluates the effect of problem gambling on self-reported well-being which, together with a corresponding effect of income on well-being, allows us to construct a money-metric of the (self) harm associated with being a problem gambler. Our estimates suggest that problem gambling imposes a very large reduction in individual well-being.

Keywords: gambling; lotto; problem gambling; well-being (search for similar items in EconPapers)
JEL-codes: D8 I3 I31 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-hap
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.lancaster.ac.uk/media/lancaster-univers ... casterWP2017_011.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lan:wpaper:167235280

Access Statistics for this paper

More papers in Working Papers from Lancaster University Management School, Economics Department Contact information at EDIRC.
Bibliographic data for series maintained by Giorgio Motta ().