Economics - Research Publications
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ItemNo Preview AvailableLegalizing recreational cannabis use: a promising journey into the unknown(Wiley, 2020-06-01)In order to evaluate the impact of the current legalization experiences, it is cru-cial to measure their efects both on public health and on users’ criminalization and contacts with illegal activities. The Uruguay-an cannabis regulation model is a middle-ground option between prohibition and commercialization, in which the govern-ment imposes strict regulations for users: mandatory registry, maximum amount of cannabis per user (40 g per month and 480 g per year), no advertisement, no selling to tourists, no edibles allowed. These restric-tions were planned to control consumption and accomplish the public health goal of the regulation.
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ItemThe joy of lottery play: evidence from a field experiment(Springer (part of Springer Nature), 2020-12-01)Buying lottery tickets is not a rational investment from a financial point of view. Yet, the majority of people participate at least once a year in a lottery. We conducted a field experiment to increase understanding of lottery participation. Using representative data for the Netherlands, we find that lottery participation increased the happiness of participants before the draw. Winning a small prize had no effect on happiness. Our results indicate that people may not only care about the outcomes of the lottery, but also enjoy the game. Accordingly, we conclude that lottery participation has a utility value in itself and part of the utility of a lottery ticket is consumed before the draw.
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ItemHazardous or Not? Early Cannabis Use, and the School to Work Transition of Young Men(Wiley, 2020-10-01)We study the relationship between cannabis use and early labor market experiences of young men, focusing on the time it takes them to find their first job, and the wage rate they receive at that job. We find that early cannabis users accept job offers more quickly and at a lower wage rate compared with otherwise similar males who did not use cannabis. These differences are present only for those who use cannabis for longer than a year before starting their job search. We also find that early cannabis users are less likely to return to education and, as a consequence, will have a lower educational attainment. Overall, our findings provide new insights into the direct and indirect relationships between cannabis use and early labor market experiences.