Guryan, Jonathan; Kearney, Melissa Schettini - National Bureau of Economic Research (NBER) - 2009
correlation, we exploit an exogenous shock to local market consumption of lottery gambling. We use the sale of a winning ticket in … test is unique in being based on an observed increase in consumption coming from a randomly assigned shock. Second, our … initial shock persists, though estimates become less precise. These estimates provide an upper bound on the degree of …