shows that if households face idiosyncratic wealth-income risk and are borrowing constrained, an otherwise-standard growth … permanent income, so that high income growth can lead to substantially increased saving without high interest rates. The …

We estimate annual income elasticities of demand for lottery tickets using roughly twenty years of county-level data … for three states. We find that the income elasticity of demand (and thus the tax burden) for lottery tickets has changed … income. Trends in the income elasticity of demand for instant and online lottery games appear to be different. Our results …

Previous studies have examined the effect of income on lottery ticket expenditures using an aggregate measure of income …, usually personal income. Reasons exist, however, for believing that lottery expenditures do not respond equally to all sources … of income. This paper examines the propensity to purchase lottery tickets from separate types of income, namely income …