Kuhn, Peter J; Kooreman, Peter; Soetevent, Adriaan; … - Department of Economics, University of California-Santa … - 2008
In the Dutch Postcode Lottery a postal code (19 households on average) is randomly selected weekly, and prizes--consisting of cash and a new BMW--are awarded to lottery participants living in that postal code. On average, this generates a temporary, unexpected income shock equal to about eight...